EUR/JPY drops and is almost to reach the 129.36 week low and the inside sliding line (SL) of the major ascending pitchfork. I’ve said in the last reports that technically speaking, the rate should drop further in the upcoming period after the failure to reach and retest the red uptrend line and after the failure to stay above the median line (ml). A valid breakdown below the sliding line (SL) will confirm a further drop in the upcoming period.
