[m.youssif]

EURJPY Forecast
The EURJPY continued its bullish bias yesterday, topped at 122.59 but corrected lower earlier today in Asian session hit 121.68. The bias is neutral in nearest term but overall my technical outlook remains strongly bullish targeting 125.44 and 127.90. Immediate support at 121.68 (current low). A clear break below that area would change the intraday bias to bearish testing 121.20 support area but overall I still prefer a bullish scenario for this pair. On the upside, a clear break above 122.59 would continue the bullish momentum and end the current bearish correction phase.

[m.youssif]

EURJPY Forecast
The EURJPY continued its bullish bias yesterday, topped at 122.59 but corrected lower earlier today in Asian session hit 121.68. The bias is neutral in nearest term but overall my technical outlook remains strongly bullish targeting 125.44 and 127.90. Immediate support at 121.68 (current low). A clear break below that area would change the intraday bias to bearish testing 121.20 support area but overall I still prefer a bullish scenario for this pair. On the upside, a clear break above 122.59 would continue the bullish momentum and end the current bearish correction phase.