Increase in EUR/JPY Continues

Growth in the pair goes on and reaches maximum 129.91. Pivot points are at: (S1) 128.40; (P) 128.90; (R1) 129.82.

Overcoming of support 127.99 will indicate a short term top. The pair can align at a near term projection level at 100% projection of 114.84 to 125.80 from 122.39 at 133.35.

The breach of 126.09 support turned will argue conclusion of the downtrend from 149.76 at 109.03. Increase from 109.03 must head towards 100% projection of 109.03 to 124.08 from 114.84 at 129.89. Breach in that area will align 61.8% retracement of 149.76 to 109.03 at 134.20 and higher. If 122.39 support is present, medium term prognosis stays bullish.