EUR/JPY: Deeper Fall Is Not Excluded

Technical Reports

Trading tone is still neutral, as the cross stays above resistance turned support 130.86, despite sharp fall. Still, deeper drop to support 127.85 is possible. Pivot points are at: (S1) 131.66; (P) 132.06; (R1) 132.39.

Further growth is expected. Trading above 133.12 will aline high 137.49. Break of 130.86 will point out completion of the growth from 124.89.

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.