• EUR/JPY is moving within a short-term declining channel. Supports can be found at 127.06 and 126.44. Hourly resistances are at 128.59 (29/04/2013 high) and 129.99 (intraday high). • In the longer-term, EUR/JPY has moved above its key resistance at 127.92 (05/04/2010 high). Further long-term strength towards the strong resistance at 139.22 (05/06/2009 high) is likely as long as the support at 123.87 (05/04/2013 low) holds. (full story)