Slight Recovery In EUR/JPY
Stance of trading is neutral, but break of 126.63 will widen the fall from 133.12 to low 124.89. Pivot points are at: (S1) 127.29; (P) 127.76; (R1) 128.29.
Overcoming of 128.44 will indicate a short term bottoming and turn trading back to the upside for resistance 130.20 and above. A near term forecast will stay mildly bearish, while minor resistance 128.44 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.