Forex: EUR/JPY Technical Analysis – Neckline Support Broken
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- Prices broke neckline support (now at 141.74), exposing 140.15 (38.2% Fib ret.)
- A further push beneath that targets 138.44 (50% Fib ret.)
- Reversing back above 141.74 initially aims for 143.16 (Jan 8 swing high)
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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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