EURJPY looking for bottom to continue riding the bullish bias

EURJPY is finding a way to ride the current bullish bias in the short term, as the pair remains trading above the 200 SMA.

Currently, we could expect a price action formation in favor of this outlook, as the EURJPY could find a strong support at the 133.48 level. If the pair does a breakout in the daily pivot point zone of 134.10, it would be expected to rise until the 134.51 level.

MACD indicator is entering into neutral territory.

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