EUR/JPY Short Term Outlook

FX:EURJPY   Euro / Japanese Yen
170 0 1
EUR/JPY             has broken minor support 134.50 after Greece debt talks break down after Athens rejected a proposal to request six month extension of its international bailout programme.

Technically EUR/JPY             has recovered after making a low of 133.90 .Intraday major support is around 134.50 and any 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) - Buy
Ichimoku- Neutral

Recommendation: Buy EUR/JPY             around 135.50, SL 134.49, Targets 137/137.60.