EUR/JPY: Fall Could Extend
Trading tone is still neutral, as the cross is holding above resistance turned support 130.86. Still, deeper drop to support 127.85 is possible. Pivot points are at: (S1) 130.97; (P) 131.47; (R1) 131.99.
Further growth is expected. Trading above 133.12 will indicate resumption of the growth from 124.89 to 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.