EUR crosses/JPY crosses/Technical Analysis

EUR/JPY: Another 60 pips lower in early Asian trade

The low this morning has been around 124.20 and there would seem to be scope for a much deeper retracement. I see initial support at 123.15 but really strong support levels don’t come in until 121. The one thing that seems guaranteed is volatility.

I’ve updated most of the short-term technicals in the members section.

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