Great rebound of 240 pips today, given the demand for riskier assets. The pair is now trading at 150.40 yens per euro.

After performing a pull back, to the 150.50 area, the pair broke the lower band of Bollinger, which hints a possible correction to the middle band (150.60). The RSI with one hour candles is around the overbought area.

If the trend remains bearish, the nearest support is at 150.00, while on the upper side the next resistance is at 150.62 (200-day MA).

/