[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. The bias is neutral in nearest term. Immediate resistance at 111.91 (yesterday’s high). Break above that area could trigger further bullish momentum targeting 112.80 – 113.00 area. Initial support at 111.00 and the trend line support area (red). Break below that area could trigger further bearish pressure re-testing 110.75/30.

[m.youssif]

EURJPY Forecast
The EURJPY was volatile but indecisive yesterday. The bias is neutral in nearest term. Immediate resistance at 111.91 (yesterday’s high). Break above that area could trigger further bullish momentum targeting 112.80 – 113.00 area. Initial support at 111.00 and the trend line support area (red). Break below that area could trigger further bearish pressure re-testing 110.75/30.