On Friday EURJPY had been fluctuating creating neutral candles. There is a slight chance for price to reach 120.50 and expand to 130 therefore it may attract buyers. Now the support levels are at 122.88, 123.39 and 124.23 and resistance levels at 125.57, 126.08 and 127.38. There is still one wave to complete the correction of the bullish rally. However, it is better to stay short as bears are about to take the control of the trend.
Technical analysis of EURJPY dated 14.03.2016
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