Technical analytics

EUR/JPY

The EUR/JPY pair maintained its bid tone on Thursday. Buyers reversed all losses after the recent sell-off and pushed the spot towards 130.50. The resistance lies at 130.50, the support lies in at 130.00.

The pair is approaching a strong resistance. If the euro breaks the level, the major may strengthen further that should send this market looking for the 131.00 level.

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