EUR/JPY remains above the 130.00 mark

Despite the increasing Yen bullish pressure, the EUR/JPY has been trading sideways in between 130.00 and 130.50 throughout the last two days. However, as Forex.com's Kathleen Brooks said in a recent interview, the yen could be set to face a bullish movement in the upcoming days.

EUR/JPY bias

Currently, the Euro is trading at 130.10 against the Japanese Yen, 0.10% negative on the day. The short term perspective is strongly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.

Below the 130.00 area, next supports are at 129.75, 129.40 and 128.35. On the upside, resistances are at 130.50, 130.85 and 131.00.