EURJPY- With the cross turning lower and reversing its Monday gains, further decline is envisaged. Support comes in at the 135.00 level where a break will aim at the 134.50 level.
A break will target the 134.00 level with a breach turning focus to the 133.50 level. Below here will aim at the 133.00 level. On the upside, resistance resides at the 136.00 level where a break if seen will threaten further upside towards the 136.50.
Further out, resistance resides at the 137.00 level where a break will aim at the 137.50. All in all, the cross faces correction recovery risk.
