- EUR/JPY stalled through the 50% Fibo of the late Sep highs is now testing the 38.2% Fibo of the 2019 range at the 124 handle with a print of 123.88, breaching the Feb low just above 124 the figure.
- Bears can target the 123.40 mid-January low ahead of 122.70 and 121.50.
- On the flip side, the 61.8% Fibo guards territory towards the 200-day ma just below the 128 handle.
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