FX.co ★ Short-term forecast on EUR/JPY for June 24, 2014

Overview-- The pair has been in a down trend from 145.68 levels. Last week it took support near 50-week Sma levels. The pair looks safe for bulls only above 138.86 levels. Until the pair breaches 143.78, it has an open target at 134.50 on the down side. On the down side, it has support at 137.48 (50-week Sma) and 136.20 levels.

In the short term the pair has support at 137.70 and resistance at 138.86 levels. On the upside, if the pair breaches 138.86, it has another strong resistance level at 139.31 and 139.86 levels. On the down side, it has strong support at 200-day Ema, breaking below this, it will extend its downward journey up to 136.20 and 134 levels.

Intraweek- sell on the rally with sl 139.32.