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EUR/JPY overnight bounce reversed; 132.80 key below

Wednesday, May 27, 2015 12:51 PM UTC

EUR/JPY overnight bounce on fresh JPY sales & Asian EUR/USD recovery; latter reversed
H&S top formation on dailies awaits confirmation with break below 132.80
100-DMA & 38.2% of the Apr-May uptrend are by 132.80 now
134.80 overnight high shy of Tenkan at 135.03 and offers into the figure
125 likely to cap USD/JPY near-term & be weight on EUR/JPY afterward

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EUR/JPY overnight bounce reversed; 132.80 key below

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