17.06.201410:35 Forex Analysis & Reviews: Technical analysis of EUR/JPY for June 17, 2014

Long-term review

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Technical outlook and chart setups:

1. The EUR/JPY pair remains vulnerable 140.00 resistance remains in place. The pair might be heading towards a complex correction below 136.50 levels. Recommendations are to sell rallies for now.

2. Support is at 137.80/90 (interim), followed by 136.50, 134.00 and lower while resistance is seen at 140.00 followed by 141.00, 142.50/143.50 and higher up respectively.

3. The structure indicates that EUR/JPY bears shall remain in control below 140.00 levels for now.

Trading recommendations:

Remain flat. Look to sell higher.

Good luck!

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