EUR/JPY heading to 122.50 next key support?- CB

FXStreet (Guatemala) - Karen Jones, chief analyst at FXStreet noted that EUR/JPY continues to see a slight recovery near term.

Key Quotes:

"This is viewed as a correction only"

"It is interesting to note that the current Elliott wave counts on the intraday charts allow for a possible 133.75 corrective move. We note a 13 count on the daily and TD support at 126.60."

"This is regarded as the break down point to 124.94/June 2013 low en route to the 122.42/121.95 200 week ma and 50% retracement of the same move."