EUR/JPY is trading between 147.20 and 146 for past two trading session. Short term trend is bullish as long a support 146 holds.
On the downside break below 146 will take the pair to 145. The pair’s minor resistance is around 147.25 and any indicative break above would extend gain to 148.20/149 in short term .
Indicators (1 Hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
Recommendation: Buy EUR/JPY around 146.75-80, SL 146, Targets 148.20/149.
On the downside break below 146 will take the pair to 145. The pair’s minor resistance is around 147.25 and any indicative break above would extend gain to 148.20/149 in short term .
Indicators (1 Hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
Recommendation: Buy EUR/JPY around 146.75-80, SL 146, Targets 148.20/149.