Recently, the EUR/JPY has been trading downwards. As I expected, the price reached the level of 128.41 (yesterday's target). Anyway, according to the 4h time frame, I am still expecting lower price but to confirm further lower price I would like to see a breakout of support at 128.48. If the price breaks the support, watch for potential selling opportunities. The downward targets are set at the price of 126.60 and 125.00.
Resistance levels:
R1: 130.50
R2: 131.30
R3: 131.80
Support levels:
S1: 129.20
S2: 128.70
S3: 127.90
Trading recommendations for today: watch for potential selling opportunities.
