EUR/JPY
Much has not changed so far this week, as far as the EUR/JPY is concerned. The market is bearish in the long-term, and rather neutral in the short-term. The indicators in the charts are neutral. The demand zone at 130.00, which has been tested already, could be tested and get breached to the downside.
There is still a Bearish Confirmation Pattern in the market, and that would become more important as price goes further downwards, reaching the demand zones at 129.50 and 129.00 today. A movement to the upside would render any bearish expectation in the market ineffectual.
