Tanalys

EUR/JPY Technical Analysis 04.24.2013

EUR/JPY Technical Analysis– Prices treading water above 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

Want to back-test your technical trading strategy? Download the historical data here.

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. 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

Exit mobile version