EURJPY might be putting in a major swing high

EURJPY has failed to break above its 140.50 resistance this week, and recent price action suggests the beginning of a bearish reversal with a trend line established from last year's highs. I think we'll see a fall back to 138 next week. If the euro gets hit hard in the coming weeks, I believe that a target at 133 would be reasonable for the first half of July.