[m.youssif]

EURJPY Forecast
The EURJPY had a bullish momentum yesterday after failed to make a clear break below 112.08 support area and continue to move higher earlier today in Asian session hit 113.57. The bias is bullish in nearest term testing 114.00 key resistance area but note that as long as price stays below 114.00 the h4 chart/medium outlook remains sideways between 110.80 – 114.00. Immediate support at 113.00. A clear break below that area would lead us to neutral zone in nearest term retesting 112.08 but overall I still prefer a bullish scenario, especially if price able to make a clear break above 114.00 targeting 114.90 and 115.65.

[m.youssif]

EURJPY Forecast
The EURJPY had a bullish momentum yesterday after failed to make a clear break below 112.08 support area and continue to move higher earlier today in Asian session hit 113.57. The bias is bullish in nearest term testing 114.00 key resistance area but note that as long as price stays below 114.00 the h4 chart/medium outlook remains sideways between 110.80 – 114.00. Immediate support at 113.00. A clear break below that area would lead us to neutral zone in nearest term retesting 112.08 but overall I still prefer a bullish scenario, especially if price able to make a clear break above 114.00 targeting 114.90 and 115.65.