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EUR/JPY has broken below strong channel base support at 125 levels, to extend downside.
- The pair continues to hit fresh yearly lows at 123.028, levels last seen in Apr 2013, further weakness likely.
- Downside intact, Techs biased lower, tests of 119 levels now seen likely.
- Our earlier call (http://www.econotimes.com/FxWirePro-EUR-JPY-holds-strong-channel-base-support-at-125-weakness-only-on-breaks-below-164944) has hit targets 1 and 2.
Recommendation: Book partial profits, hold for further downside, lower trailing stops to 124.45
