EURJPY Bearish, Beware Support at 136.35 - EURJPY bias for the movement of potentially bearish in the short term because the Stochastic indicator moving down from the overbought area. However, as long as price still move above the signal MA 50-100-200, prices have the potential to rebound back or bullish.
For the downside, nearest support level seen in the area of 136.35, penetrate to the bottom of the area the price is likely to move neutral as the least hint in the short term test to the area the next support at 135.30, returned to penetrate to the bottom of the area 135.30 price get momentum for a bearish move Further testing to key support area at 133.75. If prices fail to penetrate to the bottom of the 136.35 area, the price can be reflected to the test the immediate resistance area at 137.10, right through to the top of the area can move prices further upside to test the 137.90 area before aiming to strong resistance area at 138.95.
Resistance levels: 137.10, 137.90, 138.95
Support levels: 136.35, 135.30, 133.75
