EUR/JPY Recover From Friday’s Low

EUR/JPYHourly structure remains positive as the pair started weekly trading with gap-higher opening, with session high at 131.84. Quick recovery of last Friday’s low at 129.88 keeps the upside in focus for repeated attempt at significant 132.00 barrier, where the bear-trendline off 133.78 peak keeps gains limited for now. The pair maintains an overall positive tone as larger timeframes studies are positive. However, a break above 132.00/13 is required to confirm a bullish resumption towards the key barriers at 132.41 and 132.72. Session low at 131.02 offers initial support, while further weakness would fill the overnight’s gaps and shift near-term focus towards 129.88 and higher platform at 129.28. Resistance: 131.35; 131.84; 132.13; 132.41 Support: 131.02; 130.83; 130.44; 130.00

EURJPY

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