- EUR/JPY has formed double top around 134.85 and is declining from that level. Intraday trend is weak as long as resistance 134.85 holds.
- On the upside intraday resistance is around 134.85 and break above will target 135.30.
- The pair’s minor support is around 133.90 and break below will drag the pair further down till 133.50/133.05.
Indicator (1 Hours chart)
CCI (50) -Sell
CCI (14) – Sell
Ichimoku- Neutral
It is good to sell on rallies around 134.45-50 with stop around 134.86 for the target of 133.90/133.51.
The material has been provided by InstaForex Company – www.instaforex.com