Technical analytics

EUR/JPY

Buyers gave up their attempts to break above 131.50 and retreated. Sellers took this chance driving the spot to the negative ground. They pushed the price to 131.00 first and after a brief consolidation phase extended their gains towards 130.00. The resistance lies at 131.00, the support lies in at 130.50.

All eyes are right now at the support level 130.00 the loss of which is needed daily bears for extension towards next strong support at 129.00.

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