EUR/JPY has rallied nicely and is well underway towards 134.07 and above towards the 136.06 - 136.50 zone.
In the short-term, we expect support near 131.99 to be able to protect the downside for the next push higher towards 134.07. Support at 131.99 should be broken then a dip closer to 131.53 max will appear. 131.03 should be expected before the next push higher.
R3: 134.07
R2: 133.13
R1: 132.62
Pivot: 131.99
S1: 131.53
S2: 131.03
S3: 130.54
Trading recommendation:
We are long EUR from 129.11 with our stop placed at 130.85. If you are not long EUR yet, then buy near 132.00 and use the same stop at 130.85.
