Forex: EUR/JPY Technical Analysis – Probing Above Fib Barrier
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- Prices completed a Bullish Engulfing candle pattern, hinting at gains ahead
- Above 142.60 (14.6% Fib exp.) exposes 143.90 (23.6% Fib exp.)
- Near-term support is at 140.49, the January 13 low
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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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