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EUR/JPY is extending gains for the second session and currently holds above 136 handle, close above the 136 handle could buoy bulls
- Japanese yen under pressure as markets speculate BOJ to unveil fresh stimulus next week to combat slowing economic activity
- EUR/JPY is currently trading at 136.30, with immediate resistance at 136.58 (trend line resistance), breaks above could see the pair at 137.43 levels
- On the downside immediate support is seen at 135.87 (Daily Tenkan) and further below at 135.89 (10 DMA)
Resistance Levels:
R1: 136.38 (session high)
R2: 136.58 (trend line resistance)
R3: 136.60 (Oct 14 high)
Support Levels:
S1: 135.87 (Daily Tenkan)
S2: 135.89 (10 DMA)
S3: 135.60 (Cloud base)
