[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher on Friday, topped at 115.95but closed lower at 115.11 and hit 114.80 earlier today in Asian session. The bias is neutral in nearest term but as long as price stays above 114.00 I prefer a bullish scenario at this phase with the nearest bullish target around 116.35 (50% Fibo retracement of 127.88 – 105.42). I am interested to buy around 114.00 as I see a good technical set up and risk – reward ratio there.

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher on Friday, topped at 115.95but closed lower at 115.11 and hit 114.80 earlier today in Asian session. The bias is neutral in nearest term but as long as price stays above 114.00 I prefer a bullish scenario at this phase with the nearest bullish target around 116.35 (50% Fibo retracement of 127.88 – 105.42). I am interested to buy around 114.00 as I see a good technical set up and risk – reward ratio there.