Technical Analysis – EURJPY consolidation
Posted on October 8, 2013 at 10:15 am GMTEURJPY advanced higher on Tuesday, up from the Asian session low of 131.09 to a high of 131.84 early in the European trade. The pair has since found it hard to break strong resistance level of 131.82, which is the 61.8% Fibonacci retracement level of the move from the September 6 low to the September 19 high. A break above resistance will open the way towards 132.00 and 132.40. However, while the long term trend is bullish, the pair is [..]