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EUR/JPY Technical Analysis - Prices declined as expected , breaking falling trend line resistance-turned-support set from early April to challenge the 38.2% Fibonacci retracement at 128.19. A further push beneath that eyes the 50% level at 126.45. Alternatively, a move back above the trend line (now at 129.46) aims for the May 22 high at 133.81. dailyclassics_eur-jpy_body_Picture_11.png, EUR/JPY Technical Analysis: Bears Set Signs on Support Below 127.00 Daily Chart - Created Using FXCM Marketscope 2.0 --- 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 DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Learn forex trading with a free practice account and trading charts from FXCM . View comments
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