EUR/JPY recovery potential looks limited - JPMorgan

FXStreet (Bali) - Thomas Anthon, FX Strategist at JPMorgan, notes that the recovery potential for EUR/JPY looks rather limited.

Key Quotes

"The recovery potential for EUR/JPY looks rather limited to 139.92 and 140.69 (minor 38.2 %/weekly trend). Below, the odds remain in favor of a minimum decline into 135.55 (minor 38.2 %) and 134.36 (C = A), confirmed on a break below the last low at 137.70."