EURJPY: Correction possibility

EURJPY, Daily

In the Daily timeframe, EURJPY broke the trend line after a short-term rise. The price fell to the vital support and MA100. Parabolic SAR indicates the possibility of a decline, and DeMarker is out of overbought territory.

• EURJPY may be considered to sell on consolidation below 164.000 and MA100 with a target of 160.500;