[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. Price attempted to push higher, topped at 113.71 but whipsawed to the downside, closed at 112.82 and hit 112.52 earlier today in Asian session. This fact keeps price in a sideways outlook between 114.00 – 110.80. As you can see on my daily chart below, beside the major range area between 114.00 – 110.80, there is a minor range area between 114.00 – 112.08. Aggressive traders can still long around 112.08 with stop loss below 110.80 while conservative traders can still long around 110.80 or short around 114.00 with tight stop loss.

[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. Price attempted to push higher, topped at 113.71 but whipsawed to the downside, closed at 112.82 and hit 112.52 earlier today in Asian session. This fact keeps price in a sideways outlook between 114.00 – 110.80. As you can see on my daily chart below, beside the major range area between 114.00 – 110.80, there is a minor range area between 114.00 – 112.08. Aggressive traders can still long around 112.08 with stop loss below 110.80 while conservative traders can still long around 110.80 or short around 114.00 with tight stop loss.