EUR/JPY Technical Analysis– Prices are testing support at 128.28, the 23.6% Fibonacci retracement, with a break below that aiming for the 38.2% level at 126.53. Near-term swing high resistance barriers line up at 130.66 and 131.11.
Daily Chart – Created Using FXCM Marketscope 2.0
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— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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