EUR/JPY takes support near 200 HMA, jump till 136 is possible

EUR/JPY has jumped till 135.28 and retreated from that level. Overall trend is bullish as long as support 133.49 holds.

Intraday trend reversal level only below 134.40.

The pair’s minor support is around 134.20 and any break below will the drag the pair further down till 133.50/133.

The short term resistance is around 134.75 and any break above would extend gains till 135.35/136.

Indicator (1 Hours chart)

CCI (50) - Buy

CCI (14) – Buy

Ichimoku- Buy

It is good to buy around 134.75-80 for the target of 135.28/135.90 with stop around 134.35.