EUR/JPY Daily Outlook Daily Pivots: (S1) 113.87; (P) 114.33; (R1) 114.95;

Intraday bias in EUR/JPY remains neutral for the moment and some more sideway trading could be seen. Though, as noted before, recent development suggests that decline from 123.31 is resuming. We'd expect upside of recovery to be limited below 116.69 resistance and finally bring downside breakout. Below 113.41 will confirm resumption of whole fall from 123.31 and should then target 61.8% projection of 121.83 to 113.41 from 117.88 at 112.67 next.