EUR/JPY mark: 124.554

Forecast: downside or sidelines

Key points:
1st Support and Fibonacci Retracement (23.60%): 123.290
2nd Support and Fibonacci Retrcament (38.20%): 121.770
Resistance: 125.740

The cross is clearly (medium/long-term) taking an upside path for the next couple months. It is now forming a baseline between Resistance (125.740) and 1st Support area (123.290). Buy if price breake the Resistance or if some upside candle happen from the 1st Support. Or Sell if some downside candle happen from the Resistance limit - as we can assist now - until 1st Support line.


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