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Forex: EUR/JPY Technical Analysis – Resistance Seen Below 137.00

Forex: EUR/JPY Technical Analysis – Resistance Seen Below 137.00

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices broke resistance at 135.58 (100% Fib exp.), exposing 136.61 (123.6% Fib exp.)
  • A further break higher aims for 137.25 (138.2% Fib expansion)
  • Reversing back below 135.58 aims for support at 134.16

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

dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Resistance Seen Below 137.00

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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