EURJPY currency pair today reversed down from the key resistance level 129.500 (which has been reversing the price from end of November, as can be seen from the daily EURJPY chart below) – intersecting with the upper daily Bollinger Band and standing near the 38.2% Fibonacci correction of the downward impulse form last month. The downward reversal from the resistance level 129.50 will most likely form the daily Shooting Star. Given the strength of the aforementioned resistance level 129.50 and the bearish sentiment affecting the euro today, EURJPY currency pair can be expected to fall further toward the next support level 128.000.