EURJPY technical analysis

Support for EURJPY is looking pretty good at the moment. The cross is respecting the 200 dma, which is being shadowed by the 100 H4 ma, and the Oct 2010 support line

EURJPY daily chart

The other trendlines further down add to the support picture and the 131.10/50 area marks strong support also

Up above, 140.50/141.00 has been the level we've failed to get over and hold above and it's been a decent S&R level at certain points all the way back to 2003

I'm never too reliant on the tech in yen crosses as they are very much at the mercy of the majors but the strong levels are worth noting when trading it

The edges is how I would play the current picture and going with the break either way is the price busts out