EUR/JPY Dips Lower
Trading is on the downside, despite the cross lost some downside momentum. Fall from 133.12 continues for support 127.85. Pivot points are at: (S1) 129.36; (P) 129.79; (R1) 130.25.
Trading above minor resistance 131.23 will back to the upside for resistance 133.12. Hitting of support 127.85 will bring retest on 124.89. Deeper fall is expected, considering minor resistance 131.23.
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.