Today's support is at 130.56 yens per euro and if it's broken, the price could generate a large downwards rebound. On the upside, the price will have to break the resistance at 131.90 yens per euro, which is also the fibo 38 (from 135.2 up to 192.82). Right now, the euro is trying to break the intraday resistance at 131.16 and if it does, we'll go to levels around 131.6 and 131.7. These are potential areas of a downwards rebound, but if the price arrives with strength there, it must seek a rebound at today's resistance.

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