EUR/JPY Technical Analysis: Small recovery, still 128.50 on the radar

• Pair biased to the downside, at the moment testing strong support area around 128.50/55. Break lower likely expose 128.00. 
• Recovery above 129.20 would remove short-term bearish pressures. 
• Ahead of the Asian session, a slide below 128.70 could signal another test of 128.50.

EUR/JPY  15-minute chart

Spot rate:                   128.75
High:                         128.87
Low:                          128.49

Trend:                        Bearish

Resistance 1:            128.85
Resistance 2:            129.20
Resistance 3:            129.55

Support 1:                128.50
Support 2:                127.90
Support 3:                127.60