Trading suggestion: . There is a possibility of temporary retracement to suggested support line (123.74). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 64.
ForcastsCity's analysts detect support and resistance levels and trend lines. The reasons for choosing support and resistance levels are apparent in the chart.