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Short

EUR/JPY Short Term Outlook

FX:EURJPY   Euro / Japanese Yen
150 0 2
EUR/JPY             has slightly recovered after making low of 140.45. Intraday trend is bearish as long as minor resistance 141.80 ( ichimoku cloud bottom) holds.
On the upside any break above 141.80 will take the pair to 142.59/143 in short term.
The pair’s minor support is around 140.60 (200 DMA) and any indicative break below will target 139.60/138 .

Indicators ( Daily Chart )
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

Recommendation: Sell EUR/JPY             around 141.30-35, SL 141.81, Target 140.62/139.60.
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