EURJPY very bearish at H1 chart but showing correction intentions

The MACD indicator remains solid in negative territory.

The EURJPY is consolidated in the outstretch bearish below the resistance level of 136.37 on the H1 chart.

This pair has been in a straight drop for 2 days, where the EURJPY found strong resistance at the 200 SMA. If EURJPY does a breakout at the support level of 135.89, it would be expected to fall to the level of 135.15. However, one can not rule out a rebound at current levels.

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