EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. The bias is neutral in nearest term with expected range at 113.13 – 111.60. On h4 chart below we have a V-Top formation and from another point of view also look like a “head and shoulders” formation which is a bearish pattern especially if price able to make a clear break below 111.60 targeting 110.00. On the other hand, break above 113.13 could trigger further bullish pressure testing 113.75 and activate my wait and see mode but I prefer a bearish scenario at this phase as my technical study show more bearish bias now.
