EUR/JPY losses the pace

Pair tried to inch higher, but did not manage to step up any higher. At some point it was hovering below 107 JPY mark, but currently is at 107.25 after losing 11 pips since opening of the day. Although indicators on aggregate point at further appreciation of the pair, the Stochastic indicator suggests that pair has reached a turning point and we might see a bearish dip in the nearest future. Such scenario become even more probable when we pay attention ton the fact that the RSI is almost in overbought zone as well.