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Long

EUR/JPY breaks major resistance 135.20,jump till 137 is possible

FX:EURJPY   Euro Fx/Japanese Yen
138 2 2
EUR/JPY             has broken major resistance 135.25 and this confirms short term bullishness, a jump till 137.67/137.20 cannot be ruled out.

On the downside minor trend reversal can happen only below 133.80. Any break below 133.80 will drag the pair further down till 133.05/132.40.

The pair’s minor resistance is around 135.80 and break could extend gains till 136.67/137.20 (200 day MA).

Indicator ( Daily chart )

CCI (50) - Buy

CCI (14) – Buy

Ichimoku- Buy

It is good to buy at dips around 135 for the targets of 136.65/137.20 with stop around 133.80.

Curious, what is your explanation for what has happens the past 8 hours? Just trying to trap shorts?
Reply
I agree, entered long already target 140.00 :)
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