EUR/JPY breaks short term resistance 138, targets 140
EUR/JPY has broken major resistance 138 and this confirms short term bullishness , a jump till 141 cannot be ruled out.
Short term weakness can be seen only below 136.85 level.Any break below 136.85 will drag the pair further down till 136/135.
On the higher side minor resistance is around 139.20 and break above would extend gains till 140./141.
Intra day major resistance -139.20 and major support level -136.90.
It is good to buy at dips around 138.10-15 with SL around 136.80 for the TP of 140/140.90.
Short term weakness can be seen only below 136.85 level.Any break below 136.85 will drag the pair further down till 136/135.
On the higher side minor resistance is around 139.20 and break above would extend gains till 140./141.
Intra day major resistance -139.20 and major support level -136.90.
It is good to buy at dips around 138.10-15 with SL around 136.80 for the TP of 140/140.90.