Technical analytics

EUR/JPY

The euro bulls met a barrier at 132.00. The spot bounced off the level and softened to 131.00 afterwards. The resistance lies at 131.50, the support lies in at 131.00.

To continue its upward trajectory buyers need to gather fresh steam. We believe the euro will stay between 131.50 and 131.00 for a while and may return to its rally in the coming days.

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