Eur/jpy Forms Double Top Around 141, Decline Till 138 Is Possible

• EUR/JPY has formed double top around 141 and is retreating from this level. Short term decline till 138 is possible as long as resistance 141 holds.
• On the downside major support is around 139 and break below will drag the pair further down till 138.
• The break of 141 would extend gains till 142.28.

It is good to sell on rallies around 140 with SL around 141 for the TP of 138. 

The material has been provided by InstaForex Company – www.instaforex.com

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