EUR/JPY seems to have completed wave B/ and wave C/ may drop lower to 124.41. We may see the expected drop to 124.41 over the coming days. Once the final leg of wave 2/ is completed near 124.41, a new impulsive rally higher to resistance at 129.23 is expected.
Short-term support is seen at 126.10 and again at 125.77 on the way lower towards 124.41
We will buy GBP again at 138.50The material has been provided by InstaForex Company - www.instaforex.com