EUR/JPY has slightly recovered after making low of 144.95. Overall trend is bearish as long as resistance 148.10 (Ichimoku cloud top) holds.
On the downside minor support is around 145.60 and any break of will target 144.95/143.67 (161.8% retracement of 144.94 and 147.01).
The pair’s resistance is around 147.25 (Median line) and any indicative break would extend gain to 148.10.
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 146.60, SL 148.10, Target 143.67.
On the downside minor support is around 145.60 and any break of will target 144.95/143.67 (161.8% retracement of 144.94 and 147.01).
The pair’s resistance is around 147.25 (Median line) and any indicative break would extend gain to 148.10.
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 146.60, SL 148.10, Target 143.67.