EUR/JPY: Weakens On Correction

EURJPY- With the cross declining on Tuesday on corrective pullback, further bearishness is now envisaged. On the downside, support comes in at the 146.50 level where a break will aim at the 145.00 level.

A break will target the 144.00 level with a breach turning focus to the 143.00 level. On the upside, resistance resides at the 148.00 level where a break if seen will threaten further upside towards the 149.00. Further out, resistance resides at the 150.00 level where a break will aim at the 151.00. All in all, the cross faces corrective downside pressure.

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