EUR/JPY struggles to break above 200 day HMA, targets 136
EUR/JPY has formed double top around 141 and is retreating from that level. Overall trend bearish and any further bullishness can be seen only above 141 level.
On the downside minor support is around 138 and break below will drag the pair further down till 136.30/135 in short term.
Short term trend reversal only above 139.50.Above that level it will reach till 140.50/141 in short term.
It is good to sell at 138.85-90 for the TP of 136.35/135 with SL around 139.51
On the downside minor support is around 138 and break below will drag the pair further down till 136.30/135 in short term.
Short term trend reversal only above 139.50.Above that level it will reach till 140.50/141 in short term.
It is good to sell at 138.85-90 for the TP of 136.35/135 with SL around 139.51