• EUR/JPY has broken below major trendline support at 113.15.
   
• The pair is capped below 5-DMA at 113.40 and is trading a narrow range.
   
• Focus on Eurozone preliminary manufacturing PMI data due for release later in the EU session.
   
• Our previous call (http://www.econotimes.com/FxWirePro-5-DMA-caps-upside-in-EUR-JPY-good-to-go-short-on-rallies-360395) has achieved TP1.
   
• We see scope for further downside, recommend holding for targets. Bearish invalidation only above 114.20.
   
• Major support levels - 112.59 (30th Sept low), 112.08 (Sept 21,22), 111.90 (trendline)
   
• Major resistance levels - 113.15 (trendline), 113.40 (5-DMA), 114, 114.18 (20-DMA)