Rising bottoms over the last week or so lends support, with the 131.30 area the level to watch on the day. Topside, we see both the 100 day and 200 day MA come in around 133.00, which makes the level the one to watch on the topside. However, EURJPY has not been able to take out 132.00 over the last few days due to lack of interest.

Look for 131.30 to hold for a test of 132.00 over the next day. If we get above that then its 133.00.