Technical outlook and chart setups:
The EUR/JPY pair is trading around 134.30 now, broadly unchanged from yesterday, having bounced off the levels at 134.00. The pair should find interim support coming in ahead of 133.00, but a breakout below would confirm further downside. Bulls could regain control until prices stay above 133.00. It is hence recommended to remain long with risk at 133.00. Immediate support is seen at the levels of 133.00 (interim), followed by 132.00, and lower, while resistance is seen at 135.20/30 (interim), followed by 137.00, 139.00, and higher.
Trading recommendations:
Remain long with stop set at 133.00, a target is open.
Good luck!
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