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EUR/JPY broke support zone

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  • EUR/JPY broke support zone
  • Next sell target - 124.00

 EUR/JPY has been falling sharply in the last few trading sessions and today broke through the support zone lying between the support level 126.00 and the support trendline of the wide daily down channel from February. The breakout of this support zone accelerated the active impulse waves (iii) and 3. EUR/JPY is expected to fall further toward the next sell target at the next support level 124.00 (target price for the completion of wave (iii)).

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