The euro currency is attempting to recover higher against the Japanese yen after the pair found buying interest from the 132.90 price level. The one-hour time frame shows that the EURJPY pair has started to form a bullish inverted head and shoulders pattern. A price advancement towards the 133.75 resistance area is possible if bulls can overcome the 133.30 level.
The EURJPY pair is only bullish while trading above the 133.30 level, key resistance is found at the 133.50 and the 133.75 levels.
If the EURJPY pair trades below the 133.30, sellers may test the 133.10 and 132.790 support levels.
