Forex: EUR/JPY Technical Analysis – Upside Bias Still Favored
To receive Ilya's analysis directly via email, please SIGN UP HERE
- 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
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE!
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.