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Talking Points

  • Prices put in a bullish Piercing Line candle pattern, hinting at a bounce ahead
  • Breaking above 143.60 (14.6% Fib exp.) exposes 144.90 (23.6% Fib exp.)
  • Upward-sloping neckline support currently comes in at 141.63

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – A Euro Rebound Ahead?

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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