EURJPY: Pressure Builds On The 95.58 Level.

EURJPY- With continued downside momentum in place, the risk is for EURJPY to weaken further towards the 95.58 level. Further down, support comes in at the 94.00 level where a break will call for a move lower towards the 93.00 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, the cross will have to break and hold above the 101.59 level to end its present downside. This will open up further upside towards the 102.11 level with a break through there allowing for more upside towards the 103.92 level. All in all, EURJPY remains biased to the downside medium term.