- Daily chart shows EUR/JPY could take out a smaller falling trend line resistance, which then could be followed by a rally to confluence of resistance - larger falling trend line + Apr 28 high of 126.47.
- Daily RSI is showing an upside break from symmetrical triangle formation...adds credence to the possibility of a rise towards 126.000 levels.
- On the other hand, failure to take out smaller trend line resistance could open doors for a re-test of area just above 123.00 handle.
