EURJPY: Outlook Lower On Correction
EURJPY- We continue to hold our corrective bias view on EURJPY though seen hesitating. On the upside, resistance resides at the 141.88 level followed by the 142.29 level where a break will aim at the 143.78 level. Further out, resistance comes in at the 144.00 level where a violation will turn attention to the 144.50 level and then the 144.00 level. On the downside, support lies at 140.22 level followed by the 139.50 level where a violation will aim at the 139.00 level and then the 138.00 level. All in all, the cross remains broadly biased to the downside though threatening a recovery.
