Forex Technical Analysis: EUR/JPY Should Find Solid Resistance Ahead of 133.80

The EUR/JPY has continued to regain some lost ground in thin trading today and technically speaking i would be expecting to see some decent selling interest ahead of the 133.80 level, a break of which should see 135.00 and possibly 137.40 retested. Failure to take out 133.80 leaves the way open for a move back to 130.00.

I will wait to see the price action a little closer to the 133.80 level before i decide whether it holds or not.

eurjpy-daily-13-apr-09

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