EURJPY: More Weakness Is Envisaged On Pullback

EURJPY: With EURJPY under pressure, further weakness is envisaged on pullback in the days ahead. This is coming on the back of its Friday’s lower close on loss of upside momentum. This price development has left the cross targeting the 133.00 level. A break will aim at the 132.50 level. Further down, a turn below here will target the 132.00 level with a breach turning focus to the 131.50 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 134.00 level. Further out, resistance comes in at the 134.50 level where a break if seen will threaten further upside towards the 135.00. Further out, resistance resides at the 135.50 level. All in all, having remained under pressure further weakness is envisaged on pullback