The euro currency is on the rise against the Japanese yen as the single currency continues to make gains on the foreign exchange market over most majors. The EURJPY pair has recently staged a bullish breakout from a symmetrical triangle pattern on the lower time frames. According to the size of the triangle breakout the EURJPY pair could advance towards the 133.80 price area.
The EURJPY pair is only bullish while trading above the 132.85 level, key resistance is found at the 133.30 and the 133.80 levels.
If the EURJPY pair trades below the 132.85, sellers may test the 132.60 and 132.25 support levels.
