How to trade the EURJPY before the ECB's today press conference?

The EURJPY could be an interesting pair for trade today, alongisde with the EURUSD, as the European Central Bank (ECB) will release new economical measures for the Eurozone, possibly the announcement of a QE.

In a technical view, the EURJPY is trying to stay above the daily pivot point level of 136.68, where this pair is currently finding immediate support for try to reach the resistance level of 137.56 in the upside.

Anyway, the EURJPY could perform a breakout on the daily pivot point and fall until the bearish target at the support level of 136.07. Also, we can see the 200 SMA is turning on a bearish bias. All depends of the ECB’s press conference that will be hold today at 13:45 GMT aproximately.

At the moment, the MACD indicator remains in positive territory.

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