EUR/JPY: Fall Resumption Is Not Excluded

Technical Reports

Trading is neutral, as the cross is staying below minor resistance 130.29. Break of 128.32 will aline support 127.85. Pivot points are at: (S1) 128.80; (P) 129.24; (R1) 130.03.

Overcoming of support 127.85 will confirm completion of the bounce from 124.89 at 133.12. Hitting of resistance 130.29 will indicate completion of the fall. In this case, trading will be turned back to the upside for retesting high 133.12.

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. Break of 127.895 will turn focus back to key support level 124.08.