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Forex: EUR/JPY Technical Analysis – October Double Top in Sight

Forex: EUR/JPY Technical Analysis – October Double Top in Sight

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing above resistance at 134.55 (76.4% Fib exp.)
  • A break higher on daily closing basis exposes 135.31-58 (double top, 100% Fib)
  • Support is at 133.91 (61.8% Fib); below that aims for 133.39 (50% Fib)

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

dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – October Double Top in Sight

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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