[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum on Friday and slipped below 119.30 earlier today in Asian session. As you can see on my daily chart below we have a V-Top formation suggests potential bearish view especially if price able to move consistently below 119.30 testing 118.00 – 116.00 support area. Immediate resistance at 120.00. A Clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 121.50 my intraday outlook remains more to the downside.

[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum on Friday and slipped below 119.30 earlier today in Asian session. As you can see on my daily chart below we have a V-Top formation suggests potential bearish view especially if price able to move consistently below 119.30 testing 118.00 – 116.00 support area. Immediate resistance at 120.00. A Clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 121.50 my intraday outlook remains more to the downside.