EUR/JPY's advance finds resistance at 128.35

FXstreet.com (San Francisco) - After trading in consolidation mode in between 127.95 and 128.20 in the American session, the EUR/JPY attempted to break above range with the pair jumping to 128.35, but the pair was rejected at this level and now it's trading at 128.15.

The EUR/JPY is currently 0.78% positive on the day. Short term perspective is Slightly bullish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as CCI and Momentum are pointing to the north while the MACD and the Stochastic are neutral.

Above the 128.35, the EUR/JPY will face resistances at 128.45 and 12865. On the downside, below the 128.00 area, next supports are at 127.65 and 127.40.