The pair touched the target at 132.90 (132.82 low) but collided with the fibo 23.6 again, but this time at a higher level than before. The price is inside a daily range between 135.39 and 132.90. The nearest resistance is 134.31 against which the trendline has also collided. The next is at 135.39. If 134.31 is broken, the way is clear towards 134.95, where there is rebound area at 135.39. If this goal is fulfilled, we could see the beginning of a new monthly high. If the pair goes down, 133.79 is a support that would lead to 133.53. A candle of strength could push the pair to last Friday's low around 133. It will be very important if we hit a new low at 132.82 yens per euro.

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