[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday, slipped below the rising wedge formation as you can see on my h4 chart below. This fact indicates a bearish scenario targeting 110.50 – 109.85 in nearest term. Immediate resistance at 111.46 (current high). Break above that area could lead us to neutral zone in nearest term testing 111.91 but as long as we have the rising wedge formation, the overall bias remains to the downside.

[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday, slipped below the rising wedge formation as you can see on my h4 chart below. This fact indicates a bearish scenario targeting 110.50 – 109.85 in nearest term. Immediate resistance at 111.46 (current high). Break above that area could lead us to neutral zone in nearest term testing 111.91 but as long as we have the rising wedge formation, the overall bias remains to the downside.