EURJPY falls back toward break area from yesterday's trade

100 day MA and 50% retracement is being approached

Yesterday, the EURJPY based at the 100 hour MA and after consolidating around the 100 day MA and 200 hour MA around the 130.10-15 area, took off to the 131.139 (see post from yesterday here).

Today, we are seeing a retracement back toward the scene of one of the runs higher - the 100 day MA. That MA is at 130.136. Also near the area is the 50% of the move up from the Monday low. The area should be a support level for dip buyers. Move below and then below the 130.00 level and the selling will likely intensify (would take the price below the 200 and 100 hour MAs.

The low has reached 130.23 so far. Be aware that a little more push should find decent buying interest.