EURJPY- Further downside vulnerability continues to be seen as EURJPY extended its weakness the past week. It is now under pressure following a selloff in today’s trading session as further weakness looks to target the 99.23/46 levels. A cut through this level will set the stage for a move lower towards the 98.00 level and then the 0.97.02 level. Its daily RSI is bearish and pointing lower supporting this view. The alternative scenario will be for the cross to return to the 100.00/102.11 levels with a cut through there allowing for more upside towards the 103.92 level and then the 104.60 level. Further out, resistance resides at the 105.99 level. All in all, EURJPY continues to hold on to its broader downside vulnerability
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