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Forex: EUR/JPY Technical Analysis – October Top Under Fire

Forex: EUR/JPY Technical Analysis – October Top Under Fire

2013-11-20 04:07:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing resistance in the 135.31-58 area (double top, 100% Fib expansion)
  • A break higher on a daily closing basis exposes targets 136.61 (123.6 % Fib exp.)
  • Initial support is at 134.55 (76.4% Fib); below that aims for 133.91 (61.8% Fib)

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

dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – October Top Under Fire

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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