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Allmypips

correction downside Towards Support 122.90 (AFTER ECB Rate)

Short
Euro / Japanese Yen (FX:EURJPY)  
Allmypips  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators ecb EURJPY EURUSD
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trendanalysis chartpattern indicator ecb eurjpy eurusd
EUR/JPY has recovered nicely from the corrective low of 125.83 and is currently testing short-term key resistance at 126.49. A break above this resistance will confirm the completion of the correction and the on-set of the next impulsive rally higher to 129.06 but ECB expecting U-TURN STRONG EURO towards Downside correction First. Any positive comment sends EUR skyrocket but very fewer chances.

Today Correction expecting on weekly Base chart 122.90$

R3: 127.75
R2: 127.30
R1: 126.66
S1: 126.27
S2: 125.83
S3: 125.61
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