EURJPY found balance between support at 123.30 and resistance 125.60. Movement between these levels has been going on for month and it is impossible to predict which side has better chance of success here. Today lower limit of consolidation at 123.30 is tested.

EURJPY H4This level is crucial for EURJPY in medium term. Supply for almost a year was not able to break this level, and when it would finally manage to drop below, it will be a great success of bears. Such move could reach even 115.00, where is a 6-month low.

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EURJPY D1

 

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