Interestingly and technically clear looks situation on the EUR/JPY daily chart. From mid-April the price is clearly rising. During the last few sessions, however, we observe declines and consolidation. A small range of falls in such a long period of time may indicate weaknes of correction. Currently, the price oscillates in the area of 131.70, ie in the support zone based on the earlier highs. This is a great place to start another growth impulse. Another argument for this scenario is the reflection of the 4-month trend line. The price has been rising for 2 days, however, to conclude the correction, it will have to come out of consolidation. Breaking above 133.10 can be treated as a signal of return to the trend.
