EUR/JPY has bounced back and is again trading near resistance at 133.24. A clear break above this resistance, will call for a new rally closer to 133.71 before renewed downside pressure should be expected. The top at 134.50 should remain safe.
Only a direct break below minor support at 132.78 we add renewed downside pressure towards 131.14 and below.
We are short EUR from 132.55 with stop placed at 133.35.
The material has been provided by InstaForex Company – www.instaforex.com