[m.youssif]

EURJPY Forecast
The EURJPY attempted to push lower on Friday, bottomed at 113.52 but closed higher at 114.20 and hit 114.84 earlier today in Asian session. This facts keeps the bullish bias in nearest term intact after the breakout above the minor trend line resistance (red) targeting 115.50/65 but note that overall we are still in range market condition between 115.65 – 111.60. Immediate support remains around 113.44/50. Clear break below that area could lead us to neutral zone in nearest term testing 112.80 support area.

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push lower on Friday, bottomed at 113.52 but closed higher at 114.20 and hit 114.84 earlier today in Asian session. This facts keeps the bullish bias in nearest term intact after the breakout above the minor trend line resistance (red) targeting 115.50/65 but note that overall we are still in range market condition between 115.65 – 111.60. Immediate support remains around 113.44/50. Clear break below that area could lead us to neutral zone in nearest term testing 112.80 support area.