EURJPY Forecast
The EURJPY had a significant bearish momentum yesterday, erased all bullish momentum on Tuesday and now traded back below 116.00 suggests potential bearish continuation, still targeting 114.00 in nearest term. Another clear break above 116.00 would lead us to neutral zone in nearest term as direction would become unclear and might lead us to a sideways intraday condition. On the upside, we need a clear break at least above 117.00 to halt the current strong bearish intraday outlook. CCI relatively in negative area on hourly, h4 and daily chart suggests a bearish view.
