EUR/JPY bounces at the 141.50 area

FXstreet.com (San Francisco) - The EUR/JPY seems to have found support at 141.50 after falling around 65 pips from 142.10 as the pair bounced at this level and currently it is trading at 141.75, still 0.05% negative on the day.

The short term perspective remains strongly bearish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.

EUR/JPY technicals

The Euro would face barriers against the Japanese yen at 141.90, 142.10 and 142.50. On the downside, the EUR/JPY has supports at 141.50, 141.20 and 140.90.