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Forex: EUR/JPY Technical Analysis – Resistance Met Above 145.00

Forex: EUR/JPY Technical Analysis – Resistance Met Above 145.00

2013-12-31 05:50:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices broke resistance at 143.72 (23.6% Fib exp.), exposing 145.41 (38.2% Fib)
  • A further break above that aims for 146.78 (50% Fibonacci expansion)
  • Support is at 143.72 (23.6% Fib); below that eyes 142.67 (14.6% Fib exp.)

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

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Resistance Met Above 145.00

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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