FxWirePro
Long

We prefer to go EUR/JPY long

FX:EURJPY   Euro / Japanese Yen
95 0 2
Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 143.19
Kijun-Sen level: 142.35
Ichimoku cloud top: 139.27
Ichimoku cloud bottom: 138.28

EUR/JPY             has taken support near Kijun-Sen and has recovered from that level. Short term trend is bullish as long as major support 141.35 holds.
On the downside break below 141.35 (Resistance turned into support) will target 140.30.
Minor resistance is around 143.20. Any indicative break above will target 144.21/144.98.
Recommendation: Buy EUR/JPY             around 142.60, SL 141.30, Target 144.98.

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