The long-term downward trend in EUR / JPY is still present, with prices remaining below 50 and 200 average averages. For the time being, the price is successfully repelled by a diagonal support and a Fibonacci 38.2 at around 124.309. The price of March 1 is a short range between 127.507 and 123.453, with the trend to keep the price for the moment. With the recent euro inertia, we can expect a short-term adjustment to 23.6 Fibo, where the 50-year moving average is in the area of 125.532.
The long-term downward trend in EUR / JPY is still present, with prices remaining below 50 and 200 average averages. For the time being, the price is successfully repelled by a diagonal support and a Fibonacci 38.2 at around 124.309. The price of March 1 is a short range between 127.507 and 123.453, with the trend to keep the price for the moment. With the recent euro inertia, we can expect a short-term adjustment to 23.6 Fibo, where the 50-year moving average is in the area of 125.532.
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