Filed Under:
EUR/JPY Technical Analysis- Prices are pushing higher to challenge falling trend line resistance set from late May, a barrier reinforced by the 38.2% Fibonacci expansion at 130.57. A break above the latter barrier aims for the 50% level at 132.30. Near-term support is at 127.76, with a move beneath that eyeing the April 16 low at 124.95.

dailyclassics_eur-jpy_body_Picture_11.png, EUR/JPY Technical Analysis: Resistance Clustered Near 1.30Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

comments powered by Disqus
Trading Center