EURJPY recently reversed down strongly from the key resistance level 126.800 (which stopped the previous upward impulse wave (iii) at the start of August), intersecting with the upper daily Bollinger Band. The downward reversal from this resistance level started the active short-term impulse wave (i). With the strongly bearish sentiment affecting the euro today – EURJPY is likely to fall further toward the next support level 125.250 (target price for the completion of the active impulse short-term wave (i))
