eurjpydaily

Daily uptrend is still in play but prices are overbought and a fall back towards the trendline and 38.2% at 129.40 looks possible. Favour a period of consolidation now below the 200-day MA. If bullish, buy on approach to trendline or on dips towards the 100-day around 124. If bearish, sell short term rallies towards 137.00 with fairly tight stops above.