The pair is correcting lower, after offering us an interesting rally of 125 pips in the session. Right now, the pair is trading at 122.55 yens per euro. The bands of Bollinger show a volatility of 90 pips in the hour, while the 14 days RSI is around the overbought area. Above, the next resistance is at 122.95, while the support below is at 122.36 yens per euro. On the four hours chart, the Ichimoku cloud confirms the bearish trend of the pair, while the Parabolic SAR shows long entry signs. For the next hours, traders estimate that there are probabilities of an interception between the base average and the divergent average.

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