- Euro extends weakness on weak German PMI data, EUR/JPY edges lower
- EUR/JPY made a strong recovery to 136.41 levels on Thursday’s, but is unable to sustain gains
- Hourly price action in the pair is rejected at 136.20 on the day, prices pushing lower
- Major resistance seen at 136.42, repeated attemps to clear level failed during the week
- The pair is currently trading at 135.61, with day’s high at 136.27, and low at 135.57, there is scope for breaks below cloud base at 135.54
Resistance Levels:R1: 136.30 (Session High Jul 24)R2: 136.41 (Daily High Jul 23)R3: 136.97 (Kijun-Sen)Support Levels:135.44 (Daily Low Jul 23)134.85 (Daily Low Jul 22)134.52 (Daily Low Jul 21)
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