Forex: EUR/JPY Technical Analysis – Buyers Eye Wedge Top
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- Prices are carving out a Rising Wedge chart patter, hinting at a reversal lower in the works
- A break of minor rising trend line support (134.80) exposes 133.10 (23.6% Fib, Wedge bottom)
- Near-term resistance is in the 135.50-82 area (Oct 22 high, Wedge top)
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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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