FxWirePro: EUR/JPY clears 200 DMA, breaks above 135.38 could take the pair to 136 levels

EUR/JPY clears 200 DMA at 134.88, stays supported above the 135 handle.

• The pair is currently trading close to day's highs by 135.09, with day's highs at 135.17 and lows at 134.40
   
• Overall bias however remains on the downside, tenkan and kijun lines are negatively aligned
   
• A daily close above September 25 high at 135.38 could put bulls in charge, 136.00 next target insight
   
• Immediate resistance is seen at 135.00 (Psychological Level) ahead of 135.38 (Daily High Sep 25), while supports are located at 134.33 (Session Low Oct 5) and then at 134.26 (Daily Tenkan)
   

 

Resistance Levels:
R1: 135.00 (Psychological Level)

R2: 135.11 (Daily High Sep 30)

R3: 135.38 (Daily High Sep 25)

Support levels:

S1: 134.33 (Session Low Oct 5)

S2: 134.26 (Daily Tenkan)

S3: 134.00 (Daily Low Oct 2)