Daily Technical Overview: EUR/JPY

The pair was hammered today as worries over the EU debt crisis intensify and investors turn to safe-havens instead, making the Japanese Yen appreciating versus the American dollar and crossing the daily market mean at 103.98. Investors should be aware of the resistance lines at 104.38, 104.72 and 105.50 whereas a cross of the support 1 at 103.60 exposes the rest of the support levels at 103.17 and 102.39. The daily trading signals suggest the bearish bias is prone to hold further.