EURJPY very bearish after triangle's breakout

EURJPY managed to perform a very well pullback from the 200 SMA, which served as dynamic resistance at the H1 chart and currently, we’re expecting more declines.

The technical analysis is very clear about the current bearish path which is following the EURJPY in a short and mid-term basis, as the pair was trapped inside a bearish triangle below the key resistance level of 129.00.

Now we should see a more downside following towards the 125.95 level, where we can see a rebound that corrects the current decline held from yesterday’s highs.

MACD indicator is still moving on the negative territory.

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