[m.youssif]

EURJPY Forecast
The EURJPY slipped below 111.60 on Friday but whipsawed to the upside and closed higher at 112.99. The bias is bullish in nearest term testing 114.65. However, overall I think we are still in consolidation phase as price moves in range area of 111.60 – 115.65 as you can see on my h4 chart below. I think I will stand aside for now. Immediate support at 112.50. Break below that area could trigger further bearish pressure testing 111.60.

[m.youssif]

EURJPY Forecast
The EURJPY slipped below 111.60 on Friday but whipsawed to the upside and closed higher at 112.99. The bias is bullish in nearest term testing 114.65. However, overall I think we are still in consolidation phase as price moves in range area of 111.60 – 115.65 as you can see on my h4 chart below. I think I will stand aside for now. Immediate support at 112.50. Break below that area could trigger further bearish pressure testing 111.60.