EURJPY Bearish, to test 132.90 area - EURJPY tend bearish bias for today, especially for the price still stuck below the signal MA 50-100-200 in the 4 hours chart. Bearish movement possibilities are limited or even could rebound in the short term because the stochastic indicator is already in oversold area.
To the downside, immediate support seen at 132.90 area, to penetrate to the bottom of the zone potentially bearish price further towards 132.20 area before aiming to strong support area at 131.20. If prices fail to penetrate to the bottom of the price 132.90 area likely reflected into immediate resistance area at 133.75, right through to the top of the area can move prices further upside to test the 134.40 area before aiming to strong resistance area at 135.20.
Resistance levels: 132.90, 132.20, 131.20
Support levels: 133.75, 134.40, 135.20
