Forex: EUR/JPY Technical Analysis – Topping Pattern Still in Play
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- A Harami candle pattern with negative RSI divergence hint at a turn lower ahead
- Breaking support at 141.12 (14.6% Fib ret.) initially exposes 140.07 (23.6% Fib)
- Resistance is in the 142.81-143.72 area (Dec 13 high, 23.6% Fib expansion)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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