Daily Technical Strategist on EURJPY

[FXTechstrategyTeam]

EURJPY: Vulnerable, Faces Pullback Risk.

EURJPY- Although the pair may be maintaining its broader medium term upside, it now faces corrective pullback risk. On the upside, resistance resides at the 146.53 level where a break if seen will threaten further upside towards the 147.50. Further out, resistance resides at the 148.00 level where a break will aim at the 149.00. On the downside, support comes in at the 145.00 level where a break will aim at the 144.00 level. A break below here will target the 143.00 level with a breach turning focus to the 142.00 level and possibly further lower towards the 141.00 level. All in all, the cross faces further upside pressure medium term though vulnerable on correction.