EUR/JPY breaks major resistance 135.28,jump till 136.60 possible

EUR/JPY has broken short term resistance 135.28 and is trading well above that level. Intraday trend is bullish as long as support 135.20 holds.

On the downside any break below 135.20 will drag the pair further down till 135/1.34.45 in short term.

The pair’s minor resistance is around 136 and any break above will extend gains till 136.60/137.20.

Indicator (1 Hours chart)

CCI (50) - Buy

CCI (14) – Buy

Ichimoku- Buy

We prefer to buy EUR/JPY around 135.55 with stop around 135.20 for the target of 136.10/136.60.

Rangarajan H
FX Analyst
FXWIREPRO.COM