EURJPY- With EURJPY capping its bullish offensive at 130.10 level to tumble lower, further weakness cannot be ruled out. On the downside, support comes in at the 128.00 level where a break will aim at the 127.00 level. A turn below here will target the 126.00 level with a breach turning focus to the 125.00 level. Conversely, resistance lies at the 130.00 level. Further out, resistance resides at the 131.00 level where a break if seen will threaten further upside towards the 131.50. Further out, resistance resides at the 132.00 level. All in all, the cross now faces downside risk following upside price failure.
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