[m.youssif]

EURJPY Forecast
The EURJPY was corrected lower yesterday, bottomed at 114.20. The bias is bearish in nearest term testing 114.00 support area, but there is where I will open a long position as I see the current bearish pressure is a normal pullback after the breakout above the range area which give me the best entry with good risk – reward ratio, still targeting 116.35. A clear break below 114.00 would cancel my bullish outlook and could produce a false breakout scenario and change my intraday bias to bearish at least targeting 113.10/00.

[m.youssif]

EURJPY Forecast
The EURJPY was corrected lower yesterday, bottomed at 114.20. The bias is bearish in nearest term testing 114.00 support area, but there is where I will open a long position as I see the current bearish pressure is a normal pullback after the breakout above the range area which give me the best entry with good risk – reward ratio, still targeting 116.35. A clear break below 114.00 would cancel my bullish outlook and could produce a false breakout scenario and change my intraday bias to bearish at least targeting 113.10/00.