Wave summary:
EUR/JPY should continue to move lower towards the next downside target near 127.52 on the way towards the ideal wave (E) target seen at 123.43. Short-term resistance is now seen at 132.10 and again at 132.50, while the ideal resistance at 132.10 will be able to cap the upside for the expected push lower.R3: 132.50
R2: 132.25
R1: 132.10
Pivot: 131.65
S1: 131.55
S2: 131.20
S3: 130.73
Trading recommendation:
We will sell EUR at 132.10 or upon a break below 131.45.
