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Short

EUR/JPY Daily Outlook

FX:EURJPY   Euro / Japanese Yen
28 0 1
Intraday trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 143.87
Kijun-Sen level: 144.01
Ichimoku cloud top: 143.14
Ichimoku cloud bottom: 143
EUR/JPY             has broken minor trend line support at 143.60 and also trading below Tenkan-Sen and Kijun-Sen level. It indicates intraday trend is weak as long as resistance 144.05 holds.
The pair will target 143.02 ( 61.8% retracement of 142.08 and 144.69)/142.70 (55 day HMA ) in the intraday.
The minor resistance is around 144.05. On the upper side break above would extend gain to 144.69/145.02.
Recommendation: Sell EUR/JPY             around 143.55-60, SL 144.05, Target 143.02/142.70
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