The pair is rebounding and consolidating with the pivot point at 123.04 yens per euro. The bands of Bollinger show a volatility of 100 pips in the hour, while the 14 days RSI is getting closer to 70 points. If this level is cleared, the next ceiling is at 123.73, while the support to watch below is found at 122.70 yens per euro. The Parabolic SAR shows buying signs as well as the Ichimoku. The kumo confirms the bullish trend of the past days.

/