FxWirePro: EUR/JPY intraday bias lower, short rallies, target 114.20

• EUR/JPY is attempting a tepid recovery from session lows at 114.43.
   
• Intraday bias lower, upside capped by 5-DMA at 114.82.
   
• We see scope for test of 114.20 (major trendline support).
   
• Further weakness only on break below. Test of 112.30 levels then likely.
   
• Major support levels - 114.20 (trendline), 114, 113.81 (Sept 7 low), 113
   
• Major resistance levels - 114.64 (50-DMA), 114.81 (5-DMA), 114.91 (10-DMA)
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Recommendation: Good to sell rallies around 114.70, SL: 115, TP: 114.20