EUR/JPY Short term outlook

FX:EURJPY   Euro / Japanese Yen
125 0 0
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.
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