EUR/JPY Technical Analysis

(123,50) The EUR/JPY confirmed a weak closing last night testing already the 123,40 key level; a daily closing below this support will further and more important weakness toward 121,00. The indicators of the daily chart are still well negative and also those of the s/t ones are below the line supporting further possible weakness. Possible rebounds should find resistance at 123,80 before the 200 hours line, now found at 124,45!! We start the session with a small gap down; the low last night was 123,80.

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