EURJPY: Follows Through Lower, Eyes 134.79 Zone

8 January 2018, 16:42
EURJPY: With the pair following through lower to decline further on Monday, more weakness is envisaged towards its key support located at 134.79. On the downside, support comes in at the 134.50 level where a break if seen will aim at the 134.00 level. A cut through here will turn focus to the 133.50 level and possibly lower towards the 133.00 level. On the upside, resistance resides at the 136.00 level. Further out, we envisage a possible move towards the 136.50 level. Further out, resistance resides at the 137.00 level with a turn above here aiming at the 137.50 level. On the whole, EURJPY faces further price weakness.

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