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- EUR/JPY holds 20-DMA support at 114.07, momentum studies remain bearish.
- Major resistance lies at 100-DMA at 115.43, break above finds next hurdle at 116 (trendline).
- Break below 20-DMA support at 114.06 could see drag upto 113 (trendline).
- Major support levels - 114.06 (20-DMA), 113, 112.85 (trendline), 112.78 (Aug 24 low)
- Major resistance levels - 114.72 (5-DMA), 114.98 (10-DMA), 115, 115.43 (100-DMA)
Recommendation: Good to sell rallies around 114.70, SL: 115.45, TP: 114/113.35/ 113
