EURJPY Retests Key Support at 131.84

A daily close (5 pm EST) below 131.84 would suggest that a pullback to the confluence of support at 128.40 is likely. Such a breakdown would have us watching for a sell signal on a retest of the level as new resistance.

Alternatively, a move above the current 2017 high at 134.40 would indicate that bullish momentum is alive and well.

Source: bit.ly/2ggayd4