EURJPY remains bullish above 137.77 level

The EURJPY remains above the support level of 137.77, which is a daily pivot point.

If the EURJPY manages to make a breakout at the resistance level of 138.08, expected to that rise to the level of 138.25. However, it is likely that this pair will start to be a retracement to the support level of 137.60. If the EURJPY manages to make a breakout at this level, would be expected to fall until the support level of 137.29, where is located the moving average of the MACD indicator 200.

The MACD indicator is in neutral territory.

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