EUR/JPY remains stuck in a narrow range. We continue to favor the downside for a break below support at 124.95 that confirms more downside pressure towards 123.65 and ideally closer to 120.95 longer-term.
R3: 126.18
R2: 125.75
R1: 125.43
Pivot: 124.94
S1: 124.45
S2: 124.17
S3: 123.65
Trading recommendation:
We are short EUR from 124.25 with our stop placed at 126.20
