EUR/JPY Is Testing The Support At 138.60

EUR/JPY formed a doji candlestick on the daily filter chart right under the resistance at 141.00 and moved to the downside, but reached the support at 138.60 and is currently testing it. Whether or not it will manage to break below the support is uncertain, considering the candlesticks that have formed on the four hour filter chart, but if it does manage to break below that level the pair will continue falling until it reaches the support at 137.00. If it fails to do that we can expect the pair to start climbing again in another attempt to break above 141.00.