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EURJPY: Continues To Face Downside Pressure

EURJPY: The pair remains vulnerable to the downside as it follows through lower on the back its Thursday weakness. Support comes in at the 114.00 level where a break will aim at the 113.50 level. A turn below here will target the 113.00 level with a breach turning focus to the 112.50 level. Conversely, resistance lies at the 115.00 level. Further out, resistance comes in at the 115.50 level where a break if seen will threaten further upside towards the 116.00. Further out, resistance resides at the 116.50 level. All in all, EURJPY eyes further weakness.

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