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Forex: EUR/JPY Technical Analysis – Resistance Seen Below 142.00

Forex: EUR/JPY Technical Analysis – Resistance Seen Below 142.00

2013-12-09 06:13:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices broke resistance at 140.50 (23.6% Fib exp.), exposing 141.78 (38.2% Fib exp.)
  • A further push upward aims for 142.82 (50% Fib expansion)
  • Turning back below 140.50 exposes 140.00, 138.42 (December 4 low)

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 142.00

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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