[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 113.92 but found resistance at the upper line of the bearish channel as you can see on my h4 chart below and closed lower at 113.05. The bias is neutral in nearest term but as long as the bearish channel hold we are still in major bearish scenario and only violation to the bearish channel could be a threat to the bearish outlook testing 114.65. Immediate support at 112.40. Break below that area could trigger further bearish momentum testing 111.60.

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 113.92 but found resistance at the upper line of the bearish channel as you can see on my h4 chart below and closed lower at 113.05. The bias is neutral in nearest term but as long as the bearish channel hold we are still in major bearish scenario and only violation to the bearish channel could be a threat to the bearish outlook testing 114.65. Immediate support at 112.40. Break below that area could trigger further bearish momentum testing 111.60.