EURJPY completed a double top under 141.04/141.01 (as shown on the 240 minute chart) on breaking below 139.02 to suggest near-term topping and offer scope for further downside towards the 138.03 support near 38.2% of the 133.09/141.04 upleg. Below lies the 136.95 key support level near 50% of the 133.09/141.04 upleg and the 2-month rising trendline (linking 126.08/133.09) which could contain weakness. The 139.02/139.28 resistance zone should cap bounces. A clean move back above the 139.28 area would stabilize.
Short term: bearish
Long term: neutral
Short term: bearish
Long term: neutral
