[m.youssif]

EURJPY Forecast
The EURJPY had a significant bearish momentum yesterday, slipped below 111.60 and bottomed at 110.74 which suggests potential bearish outlook. However, pay attention to the hammer candle stick formation as you can see on my h4 chart below which could be a signal of a bearish exhaustion and some upside rebound. This fact force me to wait for a clear break below 110.74 to confirm the bearish scenario testing 109.70/60 region. On the upside, another movement back above 111.60 would lead us back to neutral zone testing 112.20/80 resistance area and keep us in range market condition.

[m.youssif]

EURJPY Forecast
The EURJPY had a significant bearish momentum yesterday, slipped below 111.60 and bottomed at 110.74 which suggests potential bearish outlook. However, pay attention to the hammer candle stick formation as you can see on my h4 chart below which could be a signal of a bearish exhaustion and some upside rebound. This fact force me to wait for a clear break below 110.74 to confirm the bearish scenario testing 109.70/60 region. On the upside, another movement back above 111.60 would lead us back to neutral zone testing 112.20/80 resistance area and keep us in range market condition.