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Forex: EUR/JPY Technical Analysis – Trying the Downside Again

Forex: EUR/JPY Technical Analysis – Trying the Downside Again

2013-10-01 11:52:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing below 132.58 (23.6% Fib) to expose 131.12-30 (38.2% Fib, trend line)
  • A break below that initially exposes 129.94 (50% Fib)
  • Rising channel support-turned-resistance is now at 133.69

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Trying the Downside Again

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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