EUR/JPY has once again taken support around 132 and recovered till 135 level. Short Term trend is bullish as long as Support 133.50 holds.
On the downside break below 133.50 will take the pair to 132/130.
The pair’s minor resistance is around 135.25 and break of would extend gain to 137.
Indicators (1 Hour chart)
CCI (50) - Buy
CCI (14) – Sell
Ichimoku- Buy
Recommendation: Buy EUR/JPY around 134, SL 133.50, Target 135.25.
On the downside break below 133.50 will take the pair to 132/130.
The pair’s minor resistance is around 135.25 and break of would extend gain to 137.
Indicators (1 Hour chart)
CCI (50) - Buy
CCI (14) – Sell
Ichimoku- Buy
Recommendation: Buy EUR/JPY around 134, SL 133.50, Target 135.25.