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Forex: EUR/JPY Technical Analysis – Resistance Now Below 143.00

Forex: EUR/JPY Technical Analysis – Resistance Now Below 143.00

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices edged above resistance at 141.78 (38.2% Fib exp.), exposing 142.82 (50% Fib)
  • A further push upward eyes 143.86 (61.8% Fib expansion)
  • Reversing back below 141.78 sees support at 140.50 (23.6% 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 Now Below 143.00

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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