Good morning, good afternoon or good evening

Hope you had a nice weekend.

A quick look at the Eur/Jpy trading levels coming into play this week.

1. There is is pretty serious downtrend in place with price moving well below the exponential moving averages;
2. Price broke down from 132.220 over the last couple of weeks and found support @ 127.186;
3. The resistance in play at the moment is the 131.413 level but if price can break below the 128 level then we could see a potential move down to the weekly support @ 127.000.

Good luck for the last few days of trading this month
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