[m.youssif]

EURJPY Forecast
The EURJPY failed to continue its bullish momentum yesterday, bottomed at 113.24 and closed at 113.29. I will keep stand aside as long as price still trapped in range area of 115.65 – 111.60. While longer time frame shows no clear direction, intra-day traders may get advantage from smaller time frame like hourly and 30 minutes chart. Immediate support at 112.80. Break below that area could trigger further bearish pressure testing 112.20/00 region. Initial resistance at 113.50. Break above that area could trigger further upside pressure testing 114.20/84 area.

[m.youssif]

EURJPY Forecast
The EURJPY failed to continue its bullish momentum yesterday, bottomed at 113.24 and closed at 113.29. I will keep stand aside as long as price still trapped in range area of 115.65 – 111.60. While longer time frame shows no clear direction, intra-day traders may get advantage from smaller time frame like hourly and 30 minutes chart. Immediate support at 112.80. Break below that area could trigger further bearish pressure testing 112.20/00 region. Initial resistance at 113.50. Break above that area could trigger further upside pressure testing 114.20/84 area.