EUR/JPY: Deeper Fall Is Expected
Trading is on the downside and deeper drop is expected, considering minor resistance 130.86. Recoil from 124.61 has completed at 131.97. Pivot points are at: (S1) 129.62; (P) 129.94; (R1) 130.48.
Overcoming of support 127.13 will aline low 124.61. Trading above minor resistance 130.86 will bring retest of 131.97.
Corrective fall from 137.49 has completed. The cross keeps a medium term bullishness, considering key resistance turned support 124.08. Overcoming of 133.47 will affirm bullish case and aline 137.49 and above.