The pair reacted with strength to the US GDP. It corrected upwards all it had lost the day before, with support on the fibo 61.8. Right now, the pair is again correcting downwards to the first half of the large upwards candle on the daily chart, supporting on 134.63, critical for today. Losing this level could take the price to 134.10 and even under 134 yens per euro. Breaking these levels to the downside will imply a strong level of volatility that would break the daily range of movement. Keeping the current level (38.2) could target 136 yens per euro.
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