Short term trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 149.35
Kijun-Sen level: 149.13
Ichimoku cloud top: 148.26
Ichimoku cloud bottom: 147.97
EUR/JPY is declining after making a high of 149.77. Intraday trend is bearish as long as intraday resistance 149.40 holds.
The EUR/JPY is facing major resistance around 150 and any break of will target 152.60. The minor support is around 149 and any break would extend loss to 148/147.70.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/JPY around 148.90-95, SL 149.40, Target 148.10/147.70
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 149.35
Kijun-Sen level: 149.13
Ichimoku cloud top: 148.26
Ichimoku cloud bottom: 147.97
EUR/JPY is declining after making a high of 149.77. Intraday trend is bearish as long as intraday resistance 149.40 holds.
The EUR/JPY is facing major resistance around 150 and any break of will target 152.60. The minor support is around 149 and any break would extend loss to 148/147.70.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/JPY around 148.90-95, SL 149.40, Target 148.10/147.70
