[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday, bottomed at 112.37 and keep moving lower earlier today in Asian session, hit 112.04. The bias is bearish in nearest term targeting 111.60 and 110.00 support area. Immediate resistance at 112.66 (current high). Break above that area could lead us to neutral zone in nearest term testing 113.75 but I think we are in a bearish phase now and I prefer a bearish scenario with short on rallies strategy.

[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday, bottomed at 112.37 and keep moving lower earlier today in Asian session, hit 112.04. The bias is bearish in nearest term targeting 111.60 and 110.00 support area. Immediate resistance at 112.66 (current high). Break above that area could lead us to neutral zone in nearest term testing 113.75 but I think we are in a bearish phase now and I prefer a bearish scenario with short on rallies strategy.