EURJPY pair is likely to weaken even though there is a signal for short-term gains. Stochastic indicator that leads up from the oversold area can be interpreted as a potential reinforcement for the short term. The increase would face immediate resistance at 136.90 next resistance is located at 137.60 and key resistance area lies in the range of 138.30.
Failure to break 136.90 resistance area will bring the price closer to the nearest 135.55 support area. The breakout of this support area will further open up the downside for aiming the next support at around 134.80 and the key support is at 134.10 area.
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