[m.youssif]

EURJPY Forecast
The EURJPY made a significant break above 114.00 yesterday, topped at 115.15 and closed at 115.03. The bias is bullish in nearest term targeting 115.65 even higher. As you can see on my daily chart below, the range area between 110.80 – 114.00 (23.6% and 38.2% Fibo retracement of 127.88 – 105.42) has been broken to the upside indicates potential bullish continuation scenario. Above 115.65, next bullish target is around 116.35 (50% Fibo retracement of 127.88 – 105.42). Immediate support at 114.50. A clear break below that area would lead us to a neutral zone in nearest term but as long as price stays above 114.00 the major scenario remains bullish.

[m.youssif]

EURJPY Forecast
The EURJPY made a significant break above 114.00 yesterday, topped at 115.15 and closed at 115.03. The bias is bullish in nearest term targeting 115.65 even higher. As you can see on my daily chart below, the range area between 110.80 – 114.00 (23.6% and 38.2% Fibo retracement of 127.88 – 105.42) has been broken to the upside indicates potential bullish continuation scenario. Above 115.65, next bullish target is around 116.35 (50% Fibo retracement of 127.88 – 105.42). Immediate support at 114.50. A clear break below that area would lead us to a neutral zone in nearest term but as long as price stays above 114.00 the major scenario remains bullish.