EURJPY now looks to weaken further after it saw a move lower during Monday trading session. On the downside, support comes in at the 134.00 level where a break if seen will aim at the 133.50 level.
A cut through here will turn focus to the 133.00 level and possibly lower towards the 132.50 level. On the upside, resistance resides at the 135.00 level.
Further out, we envisage a possible move towards the 135.50 level. Further out, resistance resides at the 136.00 level with a turn above here aiming at the 136.50 level. On the whole, EURJPY faces further weakness threats.
