As you see in my following attached chart, the pair traded between a high of 132.45 and a low of 131.42, closed at 131.81. Today the pair trades below the resistance line of 132.65.
Downside Scenario: EURJPY could decline to the levels of 130.40 then 129.30, if the resistance line of 132.65 holds.
Upside Scenario: Upside penetration of the resistance line of 132.65 could send the pair to the levels of 133.40 then 134.55.
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