EURJPY Feb 04

EUR/JPY is staying in consolidation fro m119.77 temporary low and intraday bias remains neutral first. In case of stronger recovery, upside should be limited below 121.26 resistance to bring fall resumption. As noted before, corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD. On the downside, break of 119.77 will pave the way to retest 115.86 low.