Last week EURJPY broke above resistance around 127.20, but failed to maintain that level and has since fallen back below it. The up trend that began on March 22nd has turned into consolidation in April, ranging between 127.90 and 126.75. If the pair can break below 126.75 the next support level is around 125.30, which was a previous resistance level. If we see a topside break and 127.20 forms support, look for resistance to form […]