DailyFX.com reports on the technical analysis of EUR/JPY. The Euro has paused after dropping below 139.00 against the Japanese Yen. Support levels include 138.46, 137.81, and 137.00, while resistance levels are at 139.11, 139.91, and 140.41.
There is caution in entering short positions due to the proximity to support levels, and no clear bullish signals for long positions. As a result, it is recommended to remain flat for now.
For more detailed technical levels, a Support/Resistance Wizard app is available. The analysis is provided by Ilya Spivak, a Currency Strategist at DailyFX.com.
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