EUR crosses/FXWW News/JPY crosses/Technical Analysis/Trade Ideas

EUR/JPY grinding higher, eyeing important resistance at 132.75

This pair has proved to be very resilient in recent times and we are likely to get a test of important technical resistance at 132.75 in coming sessions (see chart). For now I would tend to stick with the range edges and sell into strength but if EUR/USD were to break back above 1.3450 again, and USD/JPY could re-take 100.00, then the outlook in the cross would look a lot different!

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