[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 121.02 but whipsawed to the downside and hit 119.74 earlier today in Asian session. On hourly chart below we can see the trend line support has been broken to the downside suggests potential further bearish pressure testing 119.50 – 118.40 support area. On the upside, immediate resistance at 120.38 (former support). A clear break above that area would lead us to neutral zone in nearest term as direction would become unclear testing 121.00 resistance area.

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 121.02 but whipsawed to the downside and hit 119.74 earlier today in Asian session. On hourly chart below we can see the trend line support has been broken to the downside suggests potential further bearish pressure testing 119.50 – 118.40 support area. On the upside, immediate resistance at 120.38 (former support). A clear break above that area would lead us to neutral zone in nearest term as direction would become unclear testing 121.00 resistance area.