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!
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Technical analysis of EUR/JPY for June 17, 2014 . Thanks for your support on Technical analysis of EUR/JPY for June 17, 2014
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