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Forex: EUR/JPY Technical Analysis – Euro Bounces from Trend Line

Forex: EUR/JPY Technical Analysis – Euro Bounces from Trend Line

2013-10-10 11:52:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are testing resistance at 133.79 (38.2% Fib expansion)
  • Break higher aims for 134.61 (50% Fib)
  • Below support at 132.77 (23.6% Fib) targets a rising trend line at 131.68

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

dailyclassics_eur-jpy_body_eurjpy.png, Forex: EUR/JPY Technical Analysis – Euro Bounces from Trend Line

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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