Technical outlook and chart setups:
The EUR/JPY pair has been drifting sideways between 136.00 and 137.00 for a couple of trading sessions. The pair is seen to be trading at 136.55 at the moment looking for a potential breakout to the upside. Please note that the pair had dropped below the trend-line support earlier but did not break of the level at 133.00. It is hence recommended to remain long for now with risk below 133.00. mmediate support is seen at 134.00 (interim) followed by 133.00, 132.00, and lower. Resistance is seen at 139.00 (interim) followed by 140.00, 141.00, and higher.
Remain long for now, stop is at 133.00, a target is open.
The material has been provided by InstaForex Company – www.instaforex.com