EUR/JPY has rallied nicely and is well underway towards 134.07 and above towards the 136.06 - 136.50 zone.
In the short-term, we expect support near 131.99 to be able to protect the downside for the next push higher towards 134.07. Support at 131.99 should be broken then a dip closer to 131.53 max will appear. 131.03 should be expected before the next push higher.
We are long EUR from 129.11 with our stop placed at 130.85. If you are not long EUR yet, then buy near 132.00 and use the same stop at 130.85.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.