Forex: EUR/JPY eyes retest of 50% Fibo
Forex pairs in this Article » EUR/JPY
FXstreet.com (San Francisco) - The EURJPY rally extended above the 102.00 mark Thursday and closed the North American session higher for a sixth straight day at 102.13. Price now trades back above the 200-day EMA (101.67) for the first time since Sep 21, and a 50% Fibonacci retracement level at 102.75 offers immediate resistance before any retest of the 103.80 level. The June 21 peak at 101.60 offers support on dips.