Consolidation Of EUR/JPY Continues

Technical Reports

Trading tone is neutral for consolidation from temporary top 133.12. Hitting of 100% projection of 124.89 to 130.86 from 127.85 at 133.82 will aline high 137.49. Pivot points are at: (S1) 131.92; (P) 132.49; (R1) 133.09.

Further growth is expected while resistance turned support holds 130.86 keeps. Trading above 133.12 will aline 100% projection of 124.89 to 130.86 from 127.85 at 133.82. Break of 130.86 will turn focus back to support 127.85.

Larger uptrend from 109.03 continues. The cross has defended key support level of key resistance turned support 124.08. Overcoming of 137.49 will aline resistance zone 141.04/149.76.