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AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop 
FxWirePro- Major Pair levels and bias summary 
- EUR/JPY fails to break below 200-DMA which is major support on the downside.
- Upside for now, remains capped below 120 handle, break above finds next immediate resistance at 120.16 (Nov 25 & multi-month high).
- Break below 200-DMA at 118.52 could accentuate downside.
- EUR is likely to trade with a negative bias ahead of the Italian referendum.
- Focus for today remains on eurozone CPI release and developments at OPEC meeting to track market sentiment.
- Support levels - 119.52 (5-DMA), 119, 118.52 (200-DMA), 118, 117.71 (Nov 23 low)
- Resistance levels - 120, 120.16 (Nov 25 high), 120.27 (weekly 50-MA), 121, 121.20 (June 10 high)
We prefer to remain on the sidelines for now till confirmation on technicals.
FxWirePro's Hourly EUR Spot Index was at 88.49 (Slightly bullish), while Hourly JPY Spot Index was at -118.506 (Highly bearish) at 0600 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
