EUR/JPY: Eyes Further Bullishness In The Short Term .

Forex Trades • Jul 17, 2018 at 12:21 PM EDT

The pair continues to retain its broader uptrend as it looks to extend that upside pressure.

The pair continues to retain its broader uptrend as it looks to extend that upside pressure. Support comes in at the 131.00 level where a break if seen will aim at the 130.50 level.

A cut through here will turn focus to the 130.00 level and possibly lower towards the 129.50 level. On the upside, resistance resides at the 132.00 level.

Further out, we envisage a possible move towards the 132.50 level. Further out, resistance resides at the 133.00 level with a turn above here aiming at the 133.50 level. On the whole, EUR/JPY faces further upside threats.

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