EURJPY- With the cross remaining weak and vulnerable to the downside, risk continues to point lower. On the upside, resistance resides at the 136.68 level where a break if seen will threaten further upside towards the 137.50.
Further out, resistance resides at the 138.00 level where a break will aim at the 139.00. On the downside, support comes in the 135.55 level where a break will aim at the 135.00 level.
A break will target the 134.00 level with a breach turning focus to the 133.00 level. All in all, the cross continues to face upside pressure on recovery.
More: EUR/USD: Bearish short and long term – Citi