0
76
EURJPY remains vulnerable with eyes on further weakness. On the downside, support comes in at the 117.50 level where a break if it
occurs aiming at the 117.00 level. A break through here will turn focus to the 116.50 level and possibly lower towards the
116.00 level. Its daily RSI bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the
118.50 level. Further out, we envisage a possible move towards the 119.00 level. Further out, resistance resides at the
119.50 level with a turn above here aiming at the 120.00 level. On the whole, EURJPY retains its downside pressure in the medium
term.
