EURJPY- With EURJPY weakening further on Monday, it faces more declines in the days ahead. Support is located at the 138.00 level where a break will aim at the 137.50 level A cut through here will aim at the 137.00 level.
A turn below here will aim at the 136.50 level where a violation if seen will aim at the 136.00 level. On the upside, resistance resides at the 139.27 level will be targeted where a break will aim at the 140.00.
We may see a breather here but if that fails, further gains could follow towards the 140.50 level. All in all, the cross remains biased to the downside in the short term.
