EUR/JPY: Decline Extends
Trading is on the downside, as fall from 133.12 continues. Hitting of resistance 130.20 will indicate completion of the drop from 133.12. Pivot points are at: (S1) 127.37; (P) 128.29; (R1) 128.81.
Overcoming of support 127.85 will confirm completion of the bounce from 124.89 at 133.12. Further fall is expected while resistance 130.20 keeps.
Larger uptrend from 109.03 continues, considering key resistance turn supported 124.08. 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. Hitting of 124.08 will point out completion of the growth from 109.03 turn forecast bearish.