EUR/JPY falls from 1-week highs; back to range

FXstreet.com (San Francisco) - After peaking to 130.70, highest since August 6, the EUR/JPY has been declining fast to test the 130.00 area with the pair losing all previous gains.

Currently, the EUR/JPY is trading at 130.05, flat on the day. Short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as CCI and Momentum are pointing to the south while the MACD is neutral and the stochastic is bullish.