[m.youssif]

EURJPY Forecast
The EURJPY made another indecisive movement yesterday, formed another Doji on daily chart. The bias remains neutral in nearest term and there are no changes in my daily outlook and 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 also still 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 made another indecisive movement yesterday, formed another Doji on daily chart. The bias remains neutral in nearest term and there are no changes in my daily outlook and 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 also still interested to buy around 114.00 as I see a good technical set up and risk – reward ratio there.