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- Markets ignored the latest fall of German ZEW economic sentiment index and Euro zone's industrial production
- Broad euro strength continues unabated, supporting EUR/JPY at around 136.00 levels
- EUR/JPY price action rejects upside by 137.78 on Monday, increasing scope for loses to 133.57 (cloud base)
- Overall bias back on the downside, with resistance around 137.00 (Psychological Level) and support at 135.53 (4h Kijun-Sen)
Resistance levels:
R1: 137.00 (Psychological Level)
R2: 137.16 (Kijun-Sen)
R3: 137.80 (Daily High Jul 13)
Support Levels:
135.40 (Session Low Jul 13)
135.03 (Daily High Jul 9)
133.94 (Daily Low Jul 10)
