Yesterday’s decision and the statement of the ECB, as well as the conference with the participation of Mario Draghi, led to the weakening of the euro, among others in relation to dollar or yen. Thus, the EURJPY pair returned to the key level of 133.00 and the short-term trend line shown in the following 4-hour chart.The above-mentioned levels, after breaking, can become a resistance if it comes to re-testing in the near future. In this scenario, it is worth looking for clear sell signals. Currently, declines have led EURJPY quotes to local support close to 132.00. Importantly, there is a defence zone near 131.70. Its breaking would open the way to the round level of 130.00.The bearish attitude on this pair will be questioned at the time of breaking new maximum over 133.48.
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