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EURJ/PY remains vulnerable to the downside

EURJPY- With the cross remaining weak and vulnerable to the downside, risk continues to point lower. On the upside, resistance resides at the 136.68 level where a break if seen will threaten further upside towards the 137.50.

Further out, resistance resides at the 138.00 level where a break will aim at the 139.00. On the downside, support comes in the 135.55 level where a break will aim at the 135.00 level.

A break will target the 134.00 level with a breach turning focus to the 133.00 level. All in all, the cross continues to face upside pressure on recovery.

EUR JPY Technical analysis euro yen February 20 2015

More:  EUR/USD: Bearish short and long term – Citi

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