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Forex: EUR/JPY Technical Analysis – Buyers Remain in Control

Forex: EUR/JPY Technical Analysis – Buyers Remain in Control

2013-11-25 05:06:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing above 137.71 (76.4% Fibonacci expansion)
  • A break higher exposes 138.82 (100% Fib exp.)
  • Below support at 137.02 (61.8% Fib) eyes 136.46 (50% Fib)

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

dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Buyers Remain in Control

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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