Filed Under:
Forex pairs in this Article » EUR/JPY
To receive Ilya's analysis directly via email, please SIGN UP HERE

EUR/JPY Technical Analysis - Prices moved lower as expected after putting in a Shooting Star candlestick below resistance at a falling trend line set from late May. The pair is now testing support at 129.76, the 38.2% Fibonacci retracement. A break below that eyes the 50% Fib at 128.84. Near-term resistance is at 130.90, the 23.6% retracement.

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

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Interim Support ChallengedDaily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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

original source
comments powered by Disqus
Trading Center