Forex technical analysis: EURJPY finds buyers at support
Floor area holds the line
The EUR/JPY is being influenced by technical buyers against the 133.059-133.256 area. Looking at the daily chart below, this area has a number of swing lows going back to May. There was one dip below in September, with one close below. That was it. So traders – who could define and limit risk – put a toe in the water at the 133.14 and are seeing more willing buyers on the hold.