EUR/JPY has broken to the downside out of the rising uptrend trend line and after meeting a strong resistance line at 136.14, the pair failed to break it. Finally, a clean bounce of the downtrend trend line confirming a bearish bias. While the R1 level - 136.14 is not penetrated, all the facts favors further short to medium term extensions down, towards one of the Fibonacci levels targeting 134.00 or 133.00. It seems wise to look for sell opportunities either at the nearest resistance - 135.5 or on the breakout of the current low – 134.93.
Support: 134.76, 133.88, 133.00
Resistance: 135.50. 136.14, 136.67