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Long

EUR/JPY Daily outlook

FX:EURJPY   Euro Fx/Japanese Yen
145 0 3
Intraday Major resistance -131.28 (200 day 4HMA)

EUR/JPY             Break above 131.28 could pave way for next target

R2 -131.78

R3- 133 (61.8% retracement of 136.67 and 126.87)

Intraday major support -129.84 (20 day 4HMA)

Break below will drag the pair further down till

S2-129

S3-128.56 (61.8% retracement of 126.89 to 131.28)

Recommendation: Buy EUR/JPY             around 130.80, SL 129.84, Targets 131.78/133.
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