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Long

EUR/JPY Short Term Outlook

FX:EURJPY   Euro / Japanese Yen
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EUR/JPY pair anxiously awaits the outcome of Greece debt woes from the Euro zone meeting which is to be held in Brussels.

Technically EUR/JPY major support is around 134.50 and nay weakness can be seen only below that level. Break of 134.50 will take the pair further down till 133.70/133.

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) - Sell
Ichimoku- Neutral

Recommendation: Buy EUR/JPY around 135.20, SL 134.49, Target 137.


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