EUR/JPY Short Term Outlook

FX:EURJPY   Euro / Japanese Yen
134 0 1
EUR/JPY             has recovered after making a low of 135.06 ( Ichimoku cloud bottom). ECB agreed to raise emergency funds available to Greek banks by €3.3 billion to €68.3 billion

Technically EUR/JPY             has recovered after making a low of 135.06 .Intraday major support is around 135 and any weakness can be seen only below that level. Break of 135 will take the pair further down till 134.50/133.90

On the upside minor resistance around 136 and any indicative break above will target 137/137.60.

Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) - Buy
Ichimoku- Neutral

Recommendation: Buy EUR/JPY             around 135.50, SL 135, Targets 137/137.60.
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