[m.youssif]

EURJPY Forecast

The EURJPY had a significant bearish momentum yesterday after break below 110.30 as you can see on my h4 chart below, bottomed at 108.33 and closed at 108.74. The bias is bearish in nearest term testing 107.31 especially if price make another strong breakdown below 108.33. Immediate resistance at 109.00. Break above that area could lead us to neutral zone in nearest term testing 109.50 – 110.30 but overall we are still in strong bearish phase.

[m.youssif]

EURJPY Forecast

The EURJPY had a significant bearish momentum yesterday after break below 110.30 as you can see on my h4 chart below, bottomed at 108.33 and closed at 108.74. The bias is bearish in nearest term testing 107.31 especially if price make another strong breakdown below 108.33. Immediate resistance at 109.00. Break above that area could lead us to neutral zone in nearest term testing 109.50 – 110.30 but overall we are still in strong bearish phase.