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  • EUR/JPY is non-directional on the charts but has an upside bias according to stochastics and price positioning within the symmetrical triangle.  
  • Bulls will be looking for the 127 handle and resistance and the 200-DMA (127.50). resistance  triangle On a break of
  • On a break of 124.80, risk would be for a subsequent test of trend line support guarding the 38.2% Fibo.
  • Below 123.40 (Jan 7 and Jan 15 lows) opens of the 50% Fibo at 123.02.
  • A break there will likely see the price continue in its southerly trajectory, extending last September’s  bear trend.