EUR/JPY is facing strong resistance around 135.93 (trend line joining 136.67 and 136.22) and any shorter upside can be seen only above that level.
On the downside major support is around 134.50 (ichimoku cloud bottom) and break below will target 133.70/132.40.
The break of 136 would extend gains to 137/137.63.
Indicators (4 Hours chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 135.10, SL 136, Targets 133.90/132.55.
On the downside major support is around 134.50 (ichimoku cloud bottom) and break below will target 133.70/132.40.
The break of 136 would extend gains to 137/137.63.
Indicators (4 Hours chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 135.10, SL 136, Targets 133.90/132.55.