Fall In EUR/JPY Goes On

Technical Reports

Trading is on the downside for retesting low 124.89, 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) 126.83; (P) 127.38; (R1) 128.12.

Trading above minor resistance 128.44 will become neutral. A near term forecast will stay mildly bearish even in case of recovery.

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.