uro against the jpy is facing short resistance near 130.70, on breakage the target would 131.30. Eurjpy is the highly volatile currency pair and showing good move since last week. The weekly and the daily trend is up word now.
Technical Summary:
Take a look on some mentioned below technical indicators.
Ichimoku cloud signal is strong bullish in h1 graph. Tenkan sen and kijun sen has crossed each other in h1 graph. Senko span is acting as a strong support for this pair in h1 graph. In h4 graph the trend is also bullish.
SMA100 and 200 are indicating strong bullish trend in h1 as well as in h4 graph and their crossover is also a good indication of bullish sentimernts.
Recommendations:
Buy Above 130.10 Expected targets 130.75, Stop Loss 129.60, Sell Stop 129.55