[m.youssif]

EURJPY Forecast
The EURJPY had a bullish momentum yesterday, topped at 114.80 but whipsawed to the downside and hit 113.23 earlier today in Asian session. On h1 chart below we can see price is moving in a triangle formation indicates consolidation and need a clear break from the triangle to see clearer intraday bias. A break below the triangle and consistent move below 113.20 would trigger further bearish pressure testing 112.90/50 while a break above the triangle and consistent move above 114.60 would change the intraday bias to bullish testing 115.00 and keep my bullish scenario targeting 116.35 remains strong. I think market sentiment still influenced by the Japan condition after the national disaster which keeps direction remains tricky.

[m.youssif]

EURJPY Forecast
The EURJPY had a bullish momentum yesterday, topped at 114.80 but whipsawed to the downside and hit 113.23 earlier today in Asian session. On h1 chart below we can see price is moving in a triangle formation indicates consolidation and need a clear break from the triangle to see clearer intraday bias. A break below the triangle and consistent move below 113.20 would trigger further bearish pressure testing 112.90/50 while a break above the triangle and consistent move above 114.60 would change the intraday bias to bullish testing 115.00 and keep my bullish scenario targeting 116.35 remains strong. I think market sentiment still influenced by the Japan condition after the national disaster which keeps direction remains tricky.