The pair has been on the slide all week and now testing key support at 138.41 which is the 50% retracement of the 131.15-145.67 rise. Also a daily Ichimoku cloud base as I’m sure you keen enthusiasts will know
Daily close below here will add to the bearish tone.
Big gaps to 137.05 support lines and then to 136.08.
Delicately poised with a long down here and tight stop below 138.30 worth a play, with support seen on EURUSD between 1.3500-20 and USDJPY 102.00-20, but the overall tone is still heavy.
EURJPY H4 31 January
