FxWirePro: EUR/JPY hits fresh 5-month lows, Euro broadly weaker post-ECB

The euro nursed losses early on Friday, having come under broad pressure after dovish ECB yesterday.

• EUR/JPY hammered through 133 handle, hits fresh 5-month lows at 132.69, further downside likely 
• With no leads from Chinese financial markets, which are closed for a holiday, markets await U.S. nonfarm payrolls due later in the day, market consensus is for an increase of 220,000 jobs
• A solid payrolls outcome would bolster the case for an interest rate hike by the Fed this month, a weak number would cloud the view for a Sept lift off
• Next hurdle for EUR/JPY is located at 133.45 (Today's High) levels and above which it could extend gains 134 levels
• To the downside immediate support might be located at 132.61 (Day's low) breaks below which could see pair at 131.80 (61.8% of 126.08 - 141.06)

Resistance Levels:

R1: 133.00 (Psychological Level)

R2: 133.45 (day's high)

R3: 133.98 (4h Tenkan-Sen)

Support Levels:

S1: 132.61 (Day's low)

S2: 131.95 (Feb Low) 

S3: 131.80 (61.8% of 126.08 - 141.06)