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Forex: EUR/JPY Technical Analysis – Resistance Just Below 140.00

Forex: EUR/JPY Technical Analysis – Resistance Just Below 140.00

2013-12-02 04:42:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices broke above resistance at 138.82 (100% Fib expansion)
  • Resistance is now at 139.94 (123.6% Fib); above that aims for 140.63 (138.2% Fib)
  • A turn back below 138.82 aims for 137.71 (76.4% Fib exp.)

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

dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Resistance Just Below 140.00

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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