[m.youssif]

EURJPY Forecast
The EURJPY slipped above the bearish channel earlier today in Asian session, indicates a serious upside challenge to the bearish scenario. So far price still maintain position inside the bearish channel but a consistent move above the channel could trigger further bullish momentum testing 113.75 and could be a beginning of a bullish reversal scenario testing 114.65 and 115.65 region. Immediate support at 112.33 (current low). Break below that area would keep the major bearish scenario intact testing 111.60.

[m.youssif]

EURJPY Forecast
The EURJPY slipped above the bearish channel earlier today in Asian session, indicates a serious upside challenge to the bearish scenario. So far price still maintain position inside the bearish channel but a consistent move above the channel could trigger further bullish momentum testing 113.75 and could be a beginning of a bullish reversal scenario testing 114.65 and 115.65 region. Immediate support at 112.33 (current low). Break below that area would keep the major bearish scenario intact testing 111.60.