Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 147.08
Kijun-Sen level: 146.85
Ichimoku cloud top: 146.88
Ichimoku cloud bottom: 146.84
EUR/JPY is trading between 147.40 and 146.28 for the past three trading session. Overall trend is bullish as long as 146.28 holds.
The pair’s minor resistance is around 147.50 and any indicative break above will target 148/148.50 in the short term. The downside break below 146.28 would extend loss to 145.50.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy EUR/JPY around 147, SL 146.28, Target 148.43.
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 147.08
Kijun-Sen level: 146.85
Ichimoku cloud top: 146.88
Ichimoku cloud bottom: 146.84
EUR/JPY is trading between 147.40 and 146.28 for the past three trading session. Overall trend is bullish as long as 146.28 holds.
The pair’s minor resistance is around 147.50 and any indicative break above will target 148/148.50 in the short term. The downside break below 146.28 would extend loss to 145.50.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy EUR/JPY around 147, SL 146.28, Target 148.43.