FX.co ★ EUR/JPY dropping nicely, remain bearish

Price continues to test major channel resistance and we look to sell below this level of resistance (Swing high resistance, channel resistance, Fibonacci extension) for a short term correction to at least 132.01 support (Fibonacci retracement, horizontal pullback support).

Stochastic (55,3,1) is dropping nicely from our 96% resistance level with good downside potential.

Sell below 134.15. Stop loss at 134.92. Take profit at 132.01.