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- EUR/JPY is extending bounce off major trendline support at 113.95 on Tuesday's trade.
- The pair has broken major resistance at 115.75 and intraday bias is higher.
- Yen subdued amid news that the BOJ is likely to move rates further in the negative territory next week.
- Eurozone Industrial Production data due later in focus for further direction.
- Major support levels - 115.23 (5-DMA), 115, 114.52 (50-DMA), 114, 113.95 (trendline)
- Major resistance levels - 116.70 (trendline), 117, 117.39 (100-DMA)
Recommendation: Good to buy dips around 115.75, SL: 114.50, TP: 116/ 116.70/ 117
