Technical outlook and chart setups:
1. EUR/JPY remains more or less unchanged within the 140.00/50 territory. Recommendations are to remain short for now, the risk remains at 143.00 levels. A push through 143.00 would indicate further strength and challenge 145.50.
2. Immediate resistance is at 142.00/50, followed by 145.50; while supports are spread through 136.50 (intermediary), 134.00, 131.00 and lower respectively.
3. The structure indicates that bears would remain in control untill prices remain under 143.00. Immediate target would be towards the rising support line near 135.00 region now. A break lower will indicate further weakness towards 131.00.
Trading recommendations:
Remain short, stop at 143.00 target open.
Good luck!
