Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the possibility of a corrective rebound in the cross. Key Quotes “EUR/JPY last week sold off to the 126.17 recent low. This has held on a closing basis so far and we would allow for a small corrective rebound”. “The intraday Elliott wave count is suggesting that the market will struggle on moves to 128.65”. For more information, read our latest forex news.