EUR/JPY: Bearish breakdown of symmetrical triangle

On Monday we identified a symmetrical triangle on the Euro versus the Yen, daily chart. Today we can see that the price has broken below the triangle and the formation has acted as a continuation pattern. At the moment the price has reached the 132.00 level, which could act as a support, but if it breaks that level to the downside, then the bearish momentum may accelerate and it may try to go and reach the 131.00 level. To the upside, the 133.00 could act as resistance, but above that level, the 135.00 could be an even stronger resistance.