EUR/JPY: Key Resistance at 103.86 Broken
EUR/JPY has broken its resistance at 103.86 but is fading close to its declining trendline. Monitor the hourly supports at 103.75 (intraday low) and 103.13 (22/10/2012 low).
We have removed our entry point as it is not anymore in sync with the technical configuration.
EUR/JPY is moving in a long-term downtrend (linking the October 2009 top with the April 2011 top). The medium-term oscillators favour a test of this downtrend.