EUR/JPY is in a strong bearish bias

EUR/JPY has been consolidated in the bearish bias, so it is very likely to continue to sell orders on intraday charts.

This pair is below the daily pivot point at the level of 136.99. The nearest support is fixed at the level of 135.91. If the pair manages to make a breakout at that level, the next target would be the level of 135.25. Furthermore, in case of a recovery in the EUR/JPY, closest resistance is set at the level of 137.65. If this pair is achieved consolidate above this level, the next target would be the level of 138.73.

The MACD indicator is extremely oversold zone and continues into neutral territory and EURJPY remains below the 200 SMA.

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