[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish momentum yesterday, bottomed at 116.46 and closed at 117.41. The V-Top formation gave us a valid bearish signal. The bias remains bearish in nearest term testing 116.00. A clear break below that area could trigger further bearish momentum testing 113.50. Immediate resistance at 118.00. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 119.30 the intraday bias remains more to the downside

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish momentum yesterday, bottomed at 116.46 and closed at 117.41. The V-Top formation gave us a valid bearish signal. The bias remains bearish in nearest term testing 116.00. A clear break below that area could trigger further bearish momentum testing 113.50. Immediate resistance at 118.00. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 119.30 the intraday bias remains more to the downside