[m.youssif]

EURJPY Forecast
The EURJPY was able to maintain its bullish bias on Friday but corrected lower today traded around 110.30 at the time I wrote this comment. The bias is neutral in nearest term but still within the context of a bullish reversal scenario after the break out above the trend line resistance with 111.60 as the nearest bullish target. Immediate support at 110.00 followed by 109.50. A break below 109.50 could lead us to neutral area as direction would become unclear and would re-open the door to the downside testing 107.60 support area.

[m.youssif]

EURJPY Forecast
The EURJPY was able to maintain its bullish bias on Friday but corrected lower today traded around 110.30 at the time I wrote this comment. The bias is neutral in nearest term but still within the context of a bullish reversal scenario after the break out above the trend line resistance with 111.60 as the nearest bullish target. Immediate support at 110.00 followed by 109.50. A break below 109.50 could lead us to neutral area as direction would become unclear and would re-open the door to the downside testing 107.60 support area.