EUR/JPY Technical Analysis: Topside Breakout Attempted

EUR/JPY Technical Analysis - Prices are testing above resistance at 132.38, the July 22 high, a barrier reinforced by the 23.6% Fibonacci expansion at 132.51. A break above the latter on a daily closing basis would invalidate the Bearish Engulfing candlestick pattern identified earlier and expose the 38.2% level at 133.59. Trend line support is now at 131.04, with a reversal below that eyeing the 23.6% Fib retracement at 130.62.

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dailyclassics_eur-jpy_body_Picture_11.png, EUR/JPY Technical Analysis: Topside Breakout Attempted

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

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2581+0.0027+0.22%
    USDSGD=X
    1.7397+0.005+0.29%
    EURSGD=X
    2.1137+0.0071+0.34%
    GBPSGD=X
    81.3334-0.3405-0.42%
    SGDJPY=X
    6.1626-0.013-0.21%
    SGDHKD=X
    2.5984-0.0028-0.11%
    SGDMYR=X
    9,256.0215-43.6631-0.47%
    SGDIDR=X
    4.9669-0.0018-0.04%
    SGDCNY=X
    1.1649-0.001-0.09%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,291.30+6.70+0.52%
    GCM14.CMX
    19.68+0.25+1.27%
    SIK14.CMX
    91.67-1.21-1.30%
    ^XAU
    3.12+0.06+1.90%
    HGK14.CMX
    101.90+0.46+0.45%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI