EUR/JPY should now see the resistance in the 128.08 - 128.20 area for the next decline through minor support at 127.60, that will call for a decline towards 125.75 on the way lower to the long-term target seen at 123.66. This decline should complete wave [E] of the 10 year long triangle consolidation.
We will sell EUR at 128.05 or upon a break below 127.60 and we will place our stop at 128.60.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.