EURJPY with a bearish bias at H1 chart

The EURJPY hasn’t found yet a solid support in the near term, but it’s expected to do it at the 200 SMA in H1 chart.

That moving average coincides with the support level of 134.99. Now, the EURJPY is trading below the daily pivot point level of 135.50, which could be a strong resistance level. By the way, we’re still expecting a rebound on the support mentioned above, with a short term target placed at the 135.86 level.

The MACD indicator is still on negative territory.

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