FXstreet.com (London) - EUR/JPY is down just 5 pips at the time of writing. Pair has show resilience after bouncing form intraday lows of 130.09. The move comes on extended Yen weakness into the session. Pair will likely range trade until the more considerable flows of US and Euro session provide serious directional impetus for the pair.

With pair currently trading at 130.55, continues to recoup losses not yet pausing to consolidate/correct. For resistance should the upside extend further into the session, take nearby 130.70 (neutral trendline for previous session), for support levels take intraday low, 130.10. For secondary resistance, 131.20 (Jan 15 session high).

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