Technical outlook and chart setups:
The EUR/JPY pair is trading around 134.00 after pulling back from 135.25/35 earlier. The pair is expected to remain bullish until prices stay above 133.00 (interim support). A bounce ahead of 133.00 would push the pair towards the levels of 137.00 and 139.00 subsequently. It is hence recommended to remain long and add further, with risk below 133.00. Immediate support is seen at 133.00 (interim), followed by 132.00 and lower, while resistance is seen at 137.00 (interim), followed by 138.00/139.00 and higher.
Remain long and look to add further, stop is set at 132.00, a target is open.
The material has been provided by InstaForex Company – www.instaforex.com