EURJPY remains below uptrend support..........>

FOREX: EURJPY remains below uptrend support following yesterday's break but

downside momentum failed to gather pace and the market continues to post higher

lows. Bears need a break below 130.90 to strengthen the case for a reversal,

while a break above 131.45 would suggest a run at yesterday's high of 131.77 and

the 200DMA at 131.99, and the continuation of the uptrend. 

- EURAUD has also weakened today as a solid Aussie jobs report saw the pair

break below ST support at 157.00, hitting 156.60 before recovering back to

support-turned-resistance where it currently sits. Bigger picture, the huge real

yield differential in AUD's favour suggests room for renewed outperformance. 

- EURKRW continues its gradual uptrend although momentum is waning. Uptrend

support comes in at 1315.00 while Tuesday's peak of 1322.00 marks the next

meaningful level of resistance. 

- EURCNH tagged 7.9000 earlier today but has since bounced off to trade at

7.8860. Bears need a close below 7.8500 to end the current uptrend, while a

break of 7.9000 would set bulls' sights on a run at the August 2017 high of

8.0000.