EUR/JPY Technical Analysis: Bears look to 123.40 mid-January low

EUR/JPY stalled through the 50% Fibo of the late Sep highs and early Jan lows and smashed through the 125.68 uptrend support and the 55-day ma at 125.28 - The Feb low just above 124 the figure was also breached.
Bears can target another test of the 124 handle opening prospects for 123.40 mid-January low ahead of 122.70 and 121.50.
On the flip side, the 61.8% Fibo guards territory towards the 200-day ma just below the 128 handle.

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