[m.youssif]

EURJPY Forecast
The EURJPY was corrected lower yesterday and now seems ready to test 109.50 support area, but as long as price stays above 190.50, we are still in a bullish scenario. In fact, although nearest technical bias is bearish, 190.50 is a good level for a long position as the risk-reward ratio is very good there with small stop loss and big potential bullish target at 111.60. However, a clear break below 109.50 could trigger further bearish pressure testing 108.70 and could be a threat to the bullish outlook testing 107.60.

[m.youssif]

EURJPY Forecast
The EURJPY was corrected lower yesterday and now seems ready to test 109.50 support area, but as long as price stays above 190.50, we are still in a bullish scenario. In fact, although nearest technical bias is bearish, 190.50 is a good level for a long position as the risk-reward ratio is very good there with small stop loss and big potential bullish target at 111.60. However, a clear break below 109.50 could trigger further bearish pressure testing 108.70 and could be a threat to the bullish outlook testing 107.60.