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Short

We prefer to go Short in EUR/JPY

FX:EURJPY   Euro Fx/Japanese Yen
161 0 1
EUR/JPY             has slightly recovered after making low of 144.95. Overall trend is bearish as long as resistance 148.10 ( Ichimoku cloud top) holds.

On the downside minor support is around 145.60 and any break of will target 144.95/143.67 (161.8% retracement of 144.94 and 147.01).
The pair’s resistance is around 147.25 ( Median line ) and any indicative break would extend gain to 148.10.

CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Sell

Recommendation: Sell EUR/JPY             around 146.60, SL 148.10, Target 143.67.
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