Forex: EUR/JPY Technical Analysis – Double Top Set Above 135.00?
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices recoiled from 135.50 (Oct swing top), showing a Bearish Engulfing candle pattern
- Support is now at 134.33 (14.6% Fib ret.); breaking below that eyes 133.34 (23.6% Fib)
- Resistance remains at 135.50; negative RSI divergence bolsters the bearish argument
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.