Resistance at 121.48 capped the upside and pushed EUR/JPY back below short-term key support at 120.55 indicating that red wave ii still was in motion. This means a dip towards our ideal corrective target at 119.87 is still possible before a new rally towards 124.64 should be expected. R3: 121.48 R2: 121.15 R1: 120.83 Pivot: […]