EURJPY: Bearish, Extends Sell Off
EURJPY- The cross continues to face downside pressure selling off further on Tuesday and opening the door for more weakness. On the downside, support comes in at the 144.50 level where a break will aim at the 144.00 level. A break will target the 143.00 level with a breach turning focus to the 142.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 146.00 level where a break if seen will threaten further upside towards the 147.00. Further out, resistance resides at the 148.00 level where a break will aim at the 149.00 All in all, the cross faces corrective downside pressure.
