By | June 02 2012 4:22 PM

EUR/JPY dropped to as low as 95.64 last week before forming a temporary low there and recovered. Initial bias is neutral this week for some consolidations. But upside of recovery is expected to be limited by 100.20 resistance and bring fall resumption. Below 95.64 will target next projection level at 95.18 and then 90 psychological level.