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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
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- EUR/JPY gains post ECB last week was halted by the daily cloud, the pair has hit lows of 133.44 on the day, after rejection at cloud base by 134.12
- There is good scope for a drop back to converged tenkan & kijun lines at 132.13, further weakness cloud expose 131.50 levels
- Correction lower on charts, RSI points south, daily Stochs have shown bearish crossover from overbought levels
- Immediate resistance is seen at 134.12 (cloud base), while support is located at 133.32 (Dec 4 lows) and then at 132.13 (Tenkan & Kijun-Sen)
Recommendation: Good to sell rallies around 134 levels, SL: 134.60, TP:132.20
Resistance Levels:
R1: 134.00 (Hourly High Dec 7)
R2: 134.13 (Daily Cloud Base)
R3: 134.58 (Daily High Dec 4)
Support Levels:
S1: 133.32 (Dec 4 lows)
S2: 132.13 (Tenkan & Kijun-Sen)
S3: 131.89 (30-Day MA)
