EUR/JPY has slightly recovered after making low of 140.45. Intraday trend is bearish as long as minor resistance 141.80 (ichimoku cloud bottom) holds.
On the upside any break above 141.80 will take the pair to 142.59/143 in short term.
The pair’s minor support is around 140.60 (200 DMA) and any indicative break below will target 139.60/138 .
Indicators (Daily Chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 141.30-35, SL 141.81, Target 140.62/139.60.
On the upside any break above 141.80 will take the pair to 142.59/143 in short term.
The pair’s minor support is around 140.60 (200 DMA) and any indicative break below will target 139.60/138 .
Indicators (Daily Chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 141.30-35, SL 141.81, Target 140.62/139.60.