Candles stick Pattern – Shooting star (4 Hour chart).
EUR/JPY has made a temporary high around 133.60 and started retreating from that level. Overall trend is still weak any reversal can happen only above 133.60.
On the downside support is around 132 and any break of will target 130 in short term.
Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 132.60, SL 133.61, Target 130.55.
EUR/JPY has made a temporary high around 133.60 and started retreating from that level. Overall trend is still weak any reversal can happen only above 133.60.
On the downside support is around 132 and any break of will target 130 in short term.
Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 132.60, SL 133.61, Target 130.55.