EUR/JPY's recovery finds resistance at 130.35

FXstreet.com (San Francisco) - After falling from 1-week high at 130.45 in the European session and bouncing at 129.70 in the American morning, the EUR/JPY attempted to recover prices above the 130.00 area. However, that movement was capped at 130.35.

Currently the EUR/JPY is trading at 130.18, 1.01% positive on the day. Short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart.

EUR/JPY bias

Indicators are mixed as the CCI is bullish, but Momentum are bearish while the Stochastic and the MACD are neutral. Above the 130.45, next resistances are at 130.70 and 131.25. On the downside, supports are at129.70, 129.50 and 128.30.