Growth Completion In EUR/JPY
Trading is on the downside, as the growth from 124.89 might have completed at 133.12. Still, deeper drop to 55 day EMA (now at 130.17) is possible. Pivot points are at: (S1) 130.61; (P) 131.01; (R1) 131.43.
Trading above minor resistance 131.95 will back to the upside for resistance 133.12. Hitting of 130.17 will aline support 127.85 and below.
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.