Forex: EUR/JPY Technical Analysis – Channel Support Under Fire
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- Prices are testing falling channel support (now at 138.85)
- Breaking lower initially exposes 137.76 (38.2% Fib ret.)
- Above resistance at 140.78 (23.6% Fib ret., channel top) eyes 142.65 (14.6% Fib ret.)
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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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