EUR/JPY Technical Analysis – 4-Month Trend Line at Risk
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- Prices broke support at 132.58 (23.6% Fib), exposing 131.12-30 (38.2% Fib, trend line)
- Continued selling below 131.12 targets 129.94 (50% Fib)
- The 132.58 level has been recast as near-term resistance
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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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