• EUR/JPY retraced yesterday’s gains to 2-week highs of 116.42, and closed below the 116 handle.
   
• Downside finds strong support by 20-DMA at 114.88, break below could see extension of weakness upto 113.55 levels.
   
• Our previous call (http://www.econotimes.com/FxWirePro-EUR-JPY-finds-strong-resistance-at-11442-good-to-long-breakout-above-234468) has achieved all targets.
   
• Immediate support and resistance are now seen at 115.17 (trendline) and 115.73 (1H 20-MA).
   
• Eurozone industrial production and Chinese trade data due later in the EU session cloud influence direction in the pair.