EUR/JPY Technical Analysis– Prices are testing resistance at 132.35, the 61.8% Fibonacci expansion. A break above that targets the 76.4% level at 134.10. Near-term support is at 130.94, the 50% Fib, with a reversal back beneath that eyeing the 38.2% mark at 129.53.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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