EURJPY: Having the cross continued to hold on to its downside pressure, more weakness is envisaged. Support comes in at the 126.50 level where a break will aim at the 126.00 level. A turn below here will target the 125.50 level with a breach turning focus to the 125.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 127.50 level. Further out, resistance comes in at the 128.00 level where a break if seen will threaten further upside towards the 128.50. Further out, resistance resides at the 129.00 level. All in all, EURJPY eyes further bearishness.
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