Forex: EUR/JPY Technical Analysis – Trying the Downside Again
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- 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
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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