[m.youssif]

EURJPY Forecast
The EURJPY was corrected lower yesterday bottomed at 120.74 but had a bullish momentum earlier today in Asian session slipped above 122.59. The bias is bullish in nearest term but need a clear break above 122.59 to continue the bullish scenario testing 125.44 and 127.90. On h1 chart below we can see price is moving in range area of 120.75 – 122.59 indicates consolidation after bullish run. I think the upside breakout is imminent. Immediate support at 122.00. A clear break below that area could lead us to another bearish consolidation retesting 120.75 but overall I still prefer a bullish scenario at this phase.

[m.youssif]

EURJPY Forecast
The EURJPY was corrected lower yesterday bottomed at 120.74 but had a bullish momentum earlier today in Asian session slipped above 122.59. The bias is bullish in nearest term but need a clear break above 122.59 to continue the bullish scenario testing 125.44 and 127.90. On h1 chart below we can see price is moving in range area of 120.75 – 122.59 indicates consolidation after bullish run. I think the upside breakout is imminent. Immediate support at 122.00. A clear break below that area could lead us to another bearish consolidation retesting 120.75 but overall I still prefer a bullish scenario at this phase.