EURJPY Resumes Broader Uptrend, Remains On THe Offensive

EURJPY: The pair remains offensive following its trend resumption the past week. On the downside, support comes in at the 133.00 level where a break if seen will aim at the 132.50 level.  A cut through here will turn focus to the 132.00 level and possibly lower towards the 131.50 level. On the  upside, resistance resides at the 132.00 level. Further out, we  envisage a possible move towards the 133.50  level. Further out, resistance resides at the 134.00 level with a turn above here aiming at the 134.50 level. On the whole, EURJPY faces further bull pressure in the days ahead.  

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