Daily Pivots: (S1) 132.23; (P) 132.65; (R1) 132.96; More….
EUR/JPY continues to lose upside momentum as seen in 4 hour MACD. But with 132.10 minor support intact, further rise could be seen. Nonetheless, upside will now likely be limited by 61.8% retracement of 137.49 to 128.94 at 134.22 and below. On the downside, below 132.10 minor support will suggests that the rebound from 128.94 might have completed. And, intraday bias will be turned back to the downside for retesting 128.94 low.