The pair trades in an extended consolidative phase off fresh low at 132.68, posted on 24/09, with upside attempts being capped just under the psychological 134.00 barrier. Near-term studies are negative, and that keeps the downside vulnerable of fresh weakness, as a loss of 132.68, also near 38.2% retracement of 129.28/134.93 rally, would trigger further correction and expose the 132.00 zone. A 50% retracement and broken bull trendline drawn off 132.72, pervious peak. Alternative scenario requires clear break above 134.00 hurdle, to signal higher low formation and turn focus towards 134.93, 19/09 high.
Resistance: 133.56; 134.00; 134.69; 134.93
Support: 132.95; 132.68; 132.11; 132.00
EUR/JPY Hourly" title="EUR/JPY Hourly" src="https://d1-invdn-com.akamaized.net/content/pic7a856acdb963cec3118fed0d7143da66.png" height="400" width="800">