Possible test and bounce at the 133.00 level on the EUR/JPY

After today’s statement from the FED, the Euro versus the Yen started to move rapidly in both directions, but after a moment of high volatility, the pair seemed to have chosen to go down. The next support on the pair is the 133.00 level. Let’s be on the lookout for a possible visit of the price to the 133.00 level, from where we may see a bounce to the upside. If the price does not bounce, but breaks below this level, the best thing to do is to wait for the pullback for a possible short entry.