EUR/JPY Technical Analysis– Prices are testing above resistance at 130.72, the 38.2% Fibonacci expansion, with a break higher targeting the 50% level at 132.50. Trend line support is now at 129.48, followed by the 23.6% Fib at 128.51.
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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