EUR/JPY PRICE ANALYSIS: BEARS SEEKING A BREAK OF CRITICAL TRENDLINE SUPPORT

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EUR/JPY bulls hand over control to the bears at the start of the day.

Capped below 142.00, there are prospects of a break of key structure. 

EUR/JPY bulls have failed to take advantage of the European Central Bank sentiment at the turn of the day with bears moving in for the kill from below the 142.00 resistance level. This is a major resistance zone and should the bulls fail to regain control, then there are prospects of a significant move to the downside for the rest of the week.

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