Straight fall in the pair extends with US indexes nearing daily low, with the cross seeking to test 106.00 support zone. 4 hours indicators remain strongly bearish, while hourly chart also support the bias: momentum heading south and 20 SMA crossing 100 and 200 SMAs, suggest the fall is not over. Still after losing almost 200 pips intraday pair should attempt a bullish corrective movement before a continuation; if rally continues with no pullback, pair will find support around 105.80/106.00 area, and bounce back from there, probably towards 106.50/60 zone.

Break of mentioned 105.80, better if after a short bullish corrective movement, should signal further sell in the cross, heading towards 105.30/40 past month low.

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