Today Japanese yen has strengthened to other currencies. Most spectacular it looks at USDJPY where new 18-months low occurred. Situation looks little different at EURJPY, which in the entire March was moving up, and all it was deleted at current week.
It has to be noted that today’s downward candle stopped at support (that level caused rebound at the beginning of March). It is likely that at current level may occur weak rebound. If it occurs upward movement will reach lower than 127.20. However in next days declines should return and price will reach new low (to a level, where price was for the last time in 2013). When price will crash through support at 122.60 next supports are located at: 119.90, 117.40, 114.80, 111.10, 107.10.
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Time-frame H4
Time-frame W1
