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- EUR/JPY recovery attempts rejected at session highs st 114.29.
- The pair has breached 20-DMA at 114.58 and major trendline support at 114.20 on Friday's trade.
- Technical indicators are biased lower, we see scope for further downside.
- Major support levels - 113.81 (Sept 7 low), 113, 112.78 (Aug 24 low)
- Major resistance levels - 114.35 (trendline support turned resistance), 114.59 (20-DMA), 114.83 (Sept 16 low)
Recommendation: Good to sell rallies around 114.15, SL: 114.60, TP: 112.80/ 112.40
