FxWirePro: EUR/JPY holds above 115 handle, bias lower

• Uncertainty ahead of FOMC and BOJ keeps yen demand intact as markets consider the possibility of BOJ under delivering this Friday.
   
• EUR/JPY sharply down on the day, falling around 0.8 percent from day's high of 116.41 to lows of 115.08.
   
• Techs support downside, Stochs have rolled over from overbought levels, RSI is biased lower.
   
• The pair holds above 20-DMA support at 115, break below will see test of 113 levels.
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Recommendation: Good to go short on rallies around 115.20, SL: 116, TP: 113.95/ 113.30

Support Levels:

S1: 115.00 (20-DMA)

S2: 114.91 (July 13 low)

S3: 113.95 (July 4 low)

Resistance Levels:

R1: 116 (Psychological level)

R2: 116.45 (5-DMA)

R3: 116.54 (10-DMA)