[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish bias on Friday, slipped below 120.38 but unable to stay below that area so far. Key intraday support provided by the trend line support (white) as you can see on my hourly chart below. A consistent move below 120.38 and violation to the trend line support could continue the bearish pressure testing 118.40/00 support area. On the upside, immediate resistance at 121.00. We need a clear break above that area to keep the bullish outlook intact testing 121.80 – 123.31 resistance area.

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish bias on Friday, slipped below 120.38 but unable to stay below that area so far. Key intraday support provided by the trend line support (white) as you can see on my hourly chart below. A consistent move below 120.38 and violation to the trend line support could continue the bearish pressure testing 118.40/00 support area. On the upside, immediate resistance at 121.00. We need a clear break above that area to keep the bullish outlook intact testing 121.80 – 123.31 resistance area.