There’s nothing new to add here. We continue to look for a spike closer to the resistance in the 134.73 – 135.38 area to complete an X-wave and turn prices lower again for a decline to the strong support near 131.20.
That said, we are painfully aware of the possibility, that EUR/JPY will continue directly lower to the support near 131.20 before a larger sideways correction should be expected.
We are looking for a new selling opportunity and will sell EUR at 134.50.
The material has been provided by InstaForex Company – www.instaforex.com