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Short

EUR/JPY Short Term Outlook

FX:EURJPY   Euro Fx/Japanese Yen
127 0 2
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.
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