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Forex: EUR/JPY Technical Analysis – Euro Stalls Above 132.00

Forex: EUR/JPY Technical Analysis – Euro Stalls Above 132.00

2013-10-04 12:36:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing support at 132.12 (50% Fib)
  • A break below that targets a rising trend line set from June (131.52)
  • Near-term resistance is at 132.78 (38.2% Fib), followed by 133.60 (23.65 Fib)

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

dailyclassics_eur-jpy_body_Picture_5.png, Forex: EUR/JPY Technical Analysis – Euro Stalls Above 132.00

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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