EUR/JPY is trying to break through the resistance level near 131.91 and more importantly resistance at 133.15. If it breaks above this level, it may rise to the long-term target at 135.04 and maybe even a move towards the extension target at 139.70.
In the short term, we need support at 129.97 to act as a floor for the break above minor resistance at 131.91. It will call for more upside towards 133.15 and possibly also to 135.04. If, however, minor support at 129.97 fails, then a move closer to 129.55 should be expected before the next attack towards the upside.
