FX.co ★ EurJpy To Hit 94.10/20 Levels

Technical Outlook and Chart Setups:
As depicted above, our first measured downside extension level comes at sub 94.00. If we consider smaller timeframes, they look a bit stretched on the bearish side indicating minor pullbacks before hitting fresh lows. Overall, we continue to be bearish on the single currency pair and recommend selling intraday rallies, targeting 94.00 and 93.00 on the downside. Immediate resistance comes in at sub 97.00 level.
Trading Recommendations:
Continue holding short positions with a measured target extension at 94.00 and 93.00 levels. One can also choose to sell intraday rallies.

Good Luck!