EUR/JPY Short Term Outlook

FX:EURJPY   Euro / Japanese Yen
127 0
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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