Eur/jpy Trade Idea

• 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.

Resistance

R1- 141

R2- 142.28

R3- 143

Support

S1-139.50

S2-139

S3-138 

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

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