EUR/JPY breaks major resistance 135.20,jump till 137 is possible
EUR/JPY has broken major resistance 135.25 and this confirms short term bullishness, a jump till 137.67/137.20 cannot be ruled out.
On the downside minor trend reversal can happen only below 133.80. Any break below 133.80 will drag the pair further down till 133.05/132.40.
The pair’s minor resistance is around 135.80 and break could extend gains till 136.67/137.20 (200 day MA).
Indicator (Daily chart)
CCI (50) - Buy
CCI (14) – Buy
Ichimoku- Buy
It is good to buy at dips around 135 for the targets of 136.65/137.20 with stop around 133.80.
On the downside minor trend reversal can happen only below 133.80. Any break below 133.80 will drag the pair further down till 133.05/132.40.
The pair’s minor resistance is around 135.80 and break could extend gains till 136.67/137.20 (200 day MA).
Indicator (Daily chart)
CCI (50) - Buy
CCI (14) – Buy
Ichimoku- Buy
It is good to buy at dips around 135 for the targets of 136.65/137.20 with stop around 133.80.