[m.youssif]

EURJPY Forecast
The EURJPY slipped below 114.00 on Friday after the earthquake and Tsunami in Japan triggered broad Yen strength, but price recovered quickly to the upside and now back above 114.00. The market sentiment during a natural disaster can change very fast to the opposite direction and the fact that price able to move back above 114.00 keeps my bullish outlook intact with nearest bullish target remains around 116.35. On the downside, only a daily close below 114.00 would be a serious threat to my bullish outlook at least testing 113.00 support area.

[m.youssif]

EURJPY Forecast
The EURJPY slipped below 114.00 on Friday after the earthquake and Tsunami in Japan triggered broad Yen strength, but price recovered quickly to the upside and now back above 114.00. The market sentiment during a natural disaster can change very fast to the opposite direction and the fact that price able to move back above 114.00 keeps my bullish outlook intact with nearest bullish target remains around 116.35. On the downside, only a daily close below 114.00 would be a serious threat to my bullish outlook at least testing 113.00 support area.