Technical analytics

EUR/JPY

The pair failed to reclaim 133.50 and faced buying rejection around the handle. The euro pushed away from the level and sharply grew to 134.00. The resistance lies at 134.00, the support lies in at 133.50.

The pair may turn bearish if buyers fail to reclaim the current resistance. In this scenario a break below 133.50 will suggest to a further weakness towards 133.00.