EUR/JPY starts the Asian session with a bullish momentum

EUR/JPY has made a bullish rebound above the 200 day moving average, so it is very likely that this pair continue the bullish trend strongly.

The EUR/JPY is trying to consolidate above the pivot point at the level of 140.53. Now, it is very likely that this pair try to climb up to the resistance level of 140.93. If the pair manages to make a breakout at that level, the next target would be the level of 141.46. However, it is expected to fall to the level of 140.10 if this pair makes a bearish rebound to current levels.

If the EUR/JPY manages to make a breakout at that level, the next target would be the support level of 139.70. The MACD indicator is moving into positive territory.

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