- EUR/JPY is trading between 147.20 and 146 for past two trading session. Short term trend is bullish as long a support 146 holds.
- On the downside break below 146 will take the pair to 145. The pair's minor resistance is around 147.25 and any indicative break above would extend gain to 148.20/149 in short term .
Indicators (1 Hour chart) CCI (50) – Buy CCI (14) – Buy
Recommendation: We prefer to buy EUR/JPY around 146.75-80, SL 146, Targets 148.20/149.
The material has been provided by InstaForex Company – www.instaforex.com