EURJPY is suppressed by the resistance at 125.70 and the down-trend line from 126.30. That should confirm that it will test the support at 125.35, the 50% retracement of 126.30 to 124.25. Further decline should seen to 125.35 and 125.00 next. Upside, though, break of 125.70 will turn focus back to 126.00 resistance instead.
The target is 125.00.
Turning point: 125.70.
Under 125.70, bearish , target price is set at 125.35, then 125.00.
Above 125.70, bullish , target price is 126.00.
RSI technical indicators are bearish and predict further downward trend.
The target is 125.00.
Turning point: 125.70.
Under 125.70, bearish , target price is set at 125.35, then 125.00.
Above 125.70, bullish , target price is 126.00.
RSI technical indicators are bearish and predict further downward trend.