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Forex: EUR/JPY Technical Analysis – Channel Resistance in Focus

Forex: EUR/JPY Technical Analysis – Channel Resistance in Focus

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing falling channel resistance at 141.17
  • Breaking higher initially exposes 142.53 (23.6% Fib exp.)
  • Support is in the 139.12-19 area (Jan 27 low, channel support)

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

dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Channel Resistance in Focus

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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EUR/JPY
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