Talk about the trend of the EUR/JPY in the next week

The EUR/JPY dropped 126.15 and bottoming in this week,and keep a perfect rising trend,I think there is a bigger rise if the EUR/JPY break the the resistance line(128.8)


The longer term on the EURJPY stays bearish, regardless of last week’s pullback. The pair may try to go back down, but in order to say that the pair has gone back to its bearish trend, it would have to break below the 126.08 level.

I would take all technical analyss about EUR crosses with some distance. If Greece has to default on its debt, and that may come very soon, all analysis will be useles.

Nonetheless, if the question is about EURJPY this week, I think it is rather up because of the downwicks on the daily. 127 is the support I do not want to see broken in order to keep a bullish bias. 131 is resistance.