FXstreet.com (London) - EUR/JPY continues traded in ranges deep into the Chrsitmas/New Year holidays. With Australia closed and a UK bank holiday today, session is trading very quiet as expected. The pair has risen slightly from the open (around 14 points) with a slowing Yen supporting the move to the upside.

The pair currently trades at 131.61. First support can be located around 131.44 (support level of current trading range this session), followed by 131.09 (intraday low previous session).

For resistance should the uptrend continue this session, 131.71 is our primary resistance (upper bound of current trading range), followed by 131.85 (Day High previous session).