Decrease Of EUR/JPY Extends

Technical Reports

Trading is on the downside, as fall from 131.97 continues. Recoil from 124.61 has completed at 131.97. Pivot points are at: (S1) 129.18; (P) 129.76; (R1) 130.09.

The drop could extend to support 127.13. Overcoming of 127.13 will aline low 124.61. Trading above minor resistance 130.25 will back to the upside for retesting resistance 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.