- EUR/JPY is retreating from last week’s tops just above 128.00, and downside has broken below 78.6% Fib retrace of 122.05 to 128.22 rise at 123.37.
- Momentum studies continue to show further downside, pair on track to test 122 levels.
- Immediate support on the downside is seen at 122.76 (88.6% Fib retrace of 122.05 to 128.22 rise), 122.55 (Apr 7th lows), 122.45 (Feb 24th lows) and then 122 (Mar 1st lows).
- On the upside resistances are located at 123, the 123.97 (5-DMA) and then 124.
- Our call (http://www.econotimes.com/FxWirePro-EUR-JPY-downside-pauses-at-618-Fib-momentum-still-with-the-bears-190769) has hit all targets.
Recommend booking partial profits, lower stops to 124, target 122.45/122


FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges higher but bulls lack punch
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217 



