Fresh selling pressure around the euro boosted EUR/JPY to fresh lows. The pair sharply fell on Thursday and broke through a bunch of level. Sellers dragged the spot through 134.00, 133.50, 133.00 and stopped at 132.50. The last handle not only stopped but also rejected the pair which slightly grew and reversed a minor portion of its losses. The resistance lies at 133.00, the support is at 132.50.
Exhausted sellers took a breather. This is a good chance for buyers to reverse some ground. The pair tested the lower limit of the upward channel and if buyers find enough strength they could return the pair into the range.