The stop-loss buy orders above 1.2625 have been very widely reported and they will obviously be a target during Asian trade, especially if EUR/JPY short-covering accelerates.
Technical bears might want to have a look at their daily charts as the previous long-term trendline support should now become resistance and this level coincides with the 38.2% retracement of 1.3275/1.2285 which is at 1.2665. If this level is tested over the next few sessions and holds, then it gives bears an obvious entry and stop-loss level.
