EUR/JPY forms bearish divergence in daily chart,targets 135.25
EUR/JPY has broken short term support 138 and is trading well above that level.In daily chart CCI (50) has formed bearish divergence which confirms short term weakness ,a decline till 135.20 cannot be ruled out.
Further bullishness can be seen only above 139.35 and break above would extend gains till 140.76.
It is good to sell on rallies around 138.50-55 with SL around 139.35 for TP of 136/135.25
Further bullishness can be seen only above 139.35 and break above would extend gains till 140.76.
It is good to sell on rallies around 138.50-55 with SL around 139.35 for TP of 136/135.25