Chart - Courtesy Trading View
EUR/JPY was trading 0.32% lower on the day at 137.65 at around 05:50 GMT.
The pair is extending weakness for the fourth straight session, outlook remains bearish.
The Japanese Yen found safe-haven bids following the unfortunate news of of ex-Japan PM Shinzo Abe being shot, dragging the pair lower.
Technical indicators are biased lower. MACD and ADX support downside in the pair.
Focus now on speech from ECB President Christine Lagarde where traders will be more interested in hearing about July rate hikes.
Daily cloud is next major support at 136.63. Break below will see further downside in the pair.
Major Support Levels:
S1: 136.63 (Nearly converged 38.2% Fib and daily cloud)
S2: 134.32 (50% Fib)
Major Resistance Levels:
R1: 139.06 (5-DMA)
R2: 139.56 (23.6% Fib)
Summary: EUR/JPY pivotal at cloud support. Break below will see weakness. Scope for test of 50% Fib.
