- Daily chart suggests reversal from the 61.8% Fibonacci retracement
- Daily close below 135.40 levels bring the pair towards 133.60 levels
- Alternatively, close above that levels may bring new trading range for the parity
- Initial resistance is seen at 135.42 and 136.08 levels
- Support is seen around 134.82, 133.60
- We prefer to stay short on EUR/JPY with Entry 135.45, Stop Loss $135.65, Target 133.51
The material has been provided by InstaForex Company – www.instaforex.com