EUR/JPY reversed from resistance zone

EUR/JPY reversed from resistance zone

  • EUR/JPY reversed from resistance zone
  • Next sell target - 132.00

EUR/JPY today reversed down from the resistance zone lying between the key resistance level 133.30 (former strong support from January), upper daily Bollinger Band, 100-day moving average and the 50% Fibonacci correction of the downward price retracement from the start of February. EUR/JPY is expected to fall toward the next sell target at the next support level 132.00 (low of the previous minor correction 2).

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