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- EUR/JPY cooling slightly after broad based EUR strength sent EUR/JPY to session highs by 136.16
- Daily price action continues to rage with the cloud which spans 133.57-138.30
- Tenkan & kijun lines are negatively aligned on 4h charts, highlighting the bearish structure
- EUR/JPY is currently trading at 136.01, with strong resistance at 136.37 (session highs Jul 15th, breaks above could target 136.48
- Support is seen by the cloud top at 135.78 and then lower at 135.50 (4h Tenkan-Sen)
Resistance Levels:
R1: 136.56 (Daily High Jul 14)
R2: 136.99 (Kijun-Sen)
R3: 137.00 (Psychological Level)
Support levels:
S1: 135.44 (Session Low Jul 23)
S2: 134.85 (Daily Low Jul 22)
S3: 134.52 (Daily Low Jul 21)
