[m.youssif]

EURJPY Forecast
The EURJPY had a strong bullish momentum yesterday after break out above the range area as you can see on my hourly chart below and hit 121.82 earlier today in Asian session. The bias is bullish in nearest term testing 122.50 – 123.31 resistance area. Immediate support at 121.00 – 120.75 followed by 120.38 (former resistance). A clear break below 120.38 would lead us to neutral zone in nearest term as direction would become unclear.

[m.youssif]

EURJPY Forecast
The EURJPY had a strong bullish momentum yesterday after break out above the range area as you can see on my hourly chart below and hit 121.82 earlier today in Asian session. The bias is bullish in nearest term testing 122.50 – 123.31 resistance area. Immediate support at 121.00 – 120.75 followed by 120.38 (former resistance). A clear break below 120.38 would lead us to neutral zone in nearest term as direction would become unclear.