Forex technical analysis: EURJPY tests and breaks a cluster of technical levels

MAs, Trend line. Fibo retracement.

The EURJPY is up testing a cluster of resistance defined by the:

• 100 bar MA on the 4-hour chart at 132.71
• 200 hour MA at 132.701
• Trend line of the highs starting on Friday on the hourly chart
• The 38.2% of the move down from the Sept 22 high.

As I type, we just broke above all those levels and trade at a new session high of 132.79. 

The close risk is the 132.70. A more conservative risk for longs would be the 100 hour MA at 132.60

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