The Euro continues to slide against the Japanese Yen, with prices testing below support at 139.88 marked by the 14.6% Fibonacci expansion. A daily close below this barrier initially exposes the 23.6% Fib at 139.03. Near-term resistance is at 141.26, the
Confirmation of a downside breakout is absent for the time being, arguing against a short position. Needless to say, defined upward reversal cues are likewise not present. On balance, we will remain on the sidelines for now until something more actionable emerges in the chart setup.