EUR/JPY has taken support around 133.50 (S1) and is currently trading around 133.80. Any break below 133.50 will confirm short term weakness and reach till 132.30(S2) cannot be ruled out.
On the higher side Major resistance is around 134.50 (R1 Support turned in to resistance) and above will pull the pair slightly upwards till 135.20 (R2) and 136 (R3).
Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 134, SL 134.55, Target 132.30.
On the higher side Major resistance is around 134.50 (R1 Support turned in to resistance) and above will pull the pair slightly upwards till 135.20 (R2) and 136 (R3).
Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/JPY around 134, SL 134.55, Target 132.30.