Negative on the day...
The EURJPY has turned back lower and in the process has turned negative on the day. The pair initially found some support buying against the close for the day at 113.11 and the 100/200 hour MAs at 113.10 area.
However the correction could only extend to the 113.28 level - around 38.2% of the last leg lower and the corrective low from the Asian session. The pair has just moved to new session - slashing through the 61.8% of the move up from yesterday's lows in the process. There is not much technical support until the 112.67-71 area of the hourly chart.
