EUR/JPY slightly bullish in the early hours of the Asian session

EUR/JPY is currently trying to make a breakout on the resistance level of 141.08, to achieve it’s next goal at the level of 141.43.

This pair has had a bullish momentum at the start of the Asian session, as the EUR/JPY is trying to consolidate above the 200 SMA. However, if this pair makes a bearish rebound at current levels, the next bearish objective would be the pivot point in the level of 140.61. Furthermore, the support levels are set at 140.26 and 139.70. For now, the EUR/JPY is trying to exit the bearish trend that has spread in recent days, so if this pair begins to form a bullish pattern above the 141.43 level, the next target would be the level of 141.90.

The MACD indicator is in positive territory.

 

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