[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish momentum today, hit 111.89 at the time I wrote this comment. The bias is bearish in nearest term testing 111.60. Clear break below that area could trigger further bearish pressure targeting 110.65 – 110.00. Immediate resistance at 112.97 (current high). Break above that area could trigger further upside momentum testing the upper line of the bearish channel but only a violation to the bearish channel could be a threat to the current bearish outlook testing 113.75 and 114.65.

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish momentum today, hit 111.89 at the time I wrote this comment. The bias is bearish in nearest term testing 111.60. Clear break below that area could trigger further bearish pressure targeting 110.65 – 110.00. Immediate resistance at 112.97 (current high). Break above that area could trigger further upside momentum testing the upper line of the bearish channel but only a violation to the bearish channel could be a threat to the current bearish outlook testing 113.75 and 114.65.