- EUR/JPY extends the pullback that started on Thursday and breaks 142.00.
- The next major support comes at 140.00.
EUR/JPY extends rejection from recent highs beyond 144.00 at the end of the week.
Overbought conditions and renewed demand for the Japanese yen now force the cross to lose ground and refocus its attention on the 140.00 area, which emerges as the next bear magnet on the short-term horizon.
So far, if it remains above the 3-month support line near 136.20, the short-term outlook for the cross should remain bullish.
EUR/JPY day chart
Source: Fx Street
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