EURJPY SHORT TERM BIAS

The support was broken by the sellers at 126.2 region. we are expecting a retest of the broken support that turned resistance,and a continuation to the downside until the next support level of 125.00 level. This level lines up with the 61,8 % fib retracement so we can lookout for possible rejections off this level back to the 0% Fib/Resistance level of 126.75. A break of the 61.8% Level will expose supports of 124.5 and ultimately 124.0 .