- EUR / JPY appears to continue to be offered and tests 133.00.
- The 132.50 area should offer decent support.
EUR / JPY falls to fresh multi-day lows in the vicinity of the 133.00 neighborhood at the beginning of the week.
If selling pressure picks up, then the cross could attempt a deeper pullback, initially, to weekly lows near 132.50 (May 24 low). Further down is the 131.60 / 50 region, where it coincides with the 50-day SMA and the short-term support line.
In the bigger picture, as long as the cross continues above the 200-day SMA at 127.27, the overall outlook should remain bullish.
EUR / JPY day chart
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