EUR/JPY continues to move lower towards the next minor downside target at 128.96.
Short-term resistance is now seen at 130.63, which will ideally protect the upside for a continuation lower to 128.96 on the way towards the ideal wave C of (E) target at 124.94.
Once this C wave decline completes, it will also complete the huge triangle consolidation that has been unfolding since July 2008.
Sell EUR near 130.63 with stop placed at 131.25.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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