FxWirePro: EUR/JPY hovers close to major support at 133.30, break below could target 132.95

Slightly better-than-expected monthly German IFO business confidence survey had little effect on the single currency.

• EUR/JPY cross remains on the negative footing on Monday, trading in a narrow 133.82/36 range 
   
• EUR/JPY is currently trading at 133.45, with immediate resistance at 133.90  (Session High Oct 26) ahead of 134.26 (Daily High Oct 23)
   
• Supports on the downside are located at 133.36 (Daily Low Oct 23) and then at 133.30 (Double bottom, trendline support)
   
• Break below major trendline support at 133.30 could pave way for further downside, pair could target 132.95 and then 132.23 (sept 4th low)

Resistance Levels:

135.06     Tenkan-Sen)
134.81     Daily Low Oct 15)
134.26     (Daily High Oct 23)
133.90     (Session High Oct 26)

Support Levels:

133.36     (Daily Low Oct 23)
133.30     (Double bottom, trendline support)
132.96     (Daily Low Sep 8)