EUR/JPY - approached important support
The beginning of the year for EUR/JPY brought 3 sessions of consecutive declines. Price is at lowest level since April 2015. EUR/JPY moved the entire 2015 inside consolidation without clear trend between 126.10 - 140.50 levels. Rebound may occur in a moment. Key level which should bring demand reaction is located near 126.50. However if rebound won't succeed and declines will continue (what is currently less likely) break below 126.00 level will confirm that EUR/JPY is in a downtrend.
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