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FxWirePro- Major European Indices 
- EUR/JPY fell sharply after recent consolidation ended, hit session lows at 129.74 and has since pared some losses to currently trade at 129.94
- The pair has strong support at 129.67 (Nov 27 lows), breaks below could target 128.85 (rising trendline support)
- Moving averages trend lower, Momentum studies also point south. Daily stochs are in oversold zone and RSI is at 33 with room for further downside
- If we get the bounce we need around 130 levels, we'll target November low near 129.67 and then 128.85 (rising trendline support), placing stops at 130.75
Resistance Levels:
R1: 130.75 (session high Jan 4)
R2: 131 (psychological level)
R3: 131.16 (5-DMA)
Support Levels:
S1: 129.67 (Nov 27 lows)
S2: 128.85 (Rising trendline)
S3: 128.24 (Apr 9th lows)
