[m.youssif]

EURJPY Forecast
The EURJPY had a bullish momentum yesterday, topped at 113.55 and closed at 113.42. The bias is bullish in nearest term targeting 114.00 but note that overall price still trapped in the range area and 114.00 could remain a strong resistance that need to be clearly broken to the upside to confirm the bullish continuation scenario targeting 114.90 and 115.65 even higher. Immediate support at 113.15. A clear break below that area would lead us to neutral zone in nearest term testing 112.50 – 112.08 support area and would keep price a little bit longer in this sideways condition.

[m.youssif]

EURJPY Forecast
The EURJPY had a bullish momentum yesterday, topped at 113.55 and closed at 113.42. The bias is bullish in nearest term targeting 114.00 but note that overall price still trapped in the range area and 114.00 could remain a strong resistance that need to be clearly broken to the upside to confirm the bullish continuation scenario targeting 114.90 and 115.65 even higher. Immediate support at 113.15. A clear break below that area would lead us to neutral zone in nearest term testing 112.50 – 112.08 support area and would keep price a little bit longer in this sideways condition.