Forex: EUR/JPY Technical Analysis – Key Trend Line Tested
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- Prices are testing support at 131.45 (trend line from June low, 61.8% Fib)
- A break below that initially targets 130.63 (76.4% Fib retracement)
- Near-term resistance is at 132.11 (50% Fib), followed by 132.78 (38.2% Fib)
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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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