Technical outlook and chart setups:
The EUR/JPY pair is trading around the 135.20/30 levels at the moment, preparing to push higher towards at least 136.70 and higher. Bulls are expected to remain under control untill prices remain above the 133.00 levels for now. It is hence recommended to remain long with risk at the 133.00 levels. Immediate support is seen at the 133.00/25 levels followed by 132.00 and lower, while resistance is seen at the 137.00 levels followed by 138.00/139.00 and higher. A push above 135.75 would accelerate the bullish momentum.
Trading recommendations:
Remain long, stop is at 133.00, target is open.
Good luck!
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