On Tuesday, in early Asian session JPY crosses fall heavily and then recovered one hour later. EURJPY penetrated the Tokyo opening price at 133.62 and fall to 133.00 areas before rebounded to the opening price. Then it went fluctuating just below the opening price. Initially forming an ascending triangle with an upside breakaway. The breakaway was stopped at Pivot Point with prices returning back into the triangle that made the breakout as false move. The false break created an ascending channel with the top most resistance point occurred at about 55 minutes before Europe open. A break of the lower support line of the channel pulls EURJPY all the way down.
The target will be at S1(133.22), the last support level at 133.00 and the finally at S2(132.85)
