[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish pressure yesterday, bottomed at 109.56 but corrected higher earlier today in Asian session, hit 110.38. The bias is neutral in nearest term. Overall we are still in the rising wedge bearish scenario but would need a clear break below 109.50 to continue the bearish pressure targeting 108.33. Immediate resistance at 110.70 (yesterday’s high) followed by 111.60/90.

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish pressure yesterday, bottomed at 109.56 but corrected higher earlier today in Asian session, hit 110.38. The bias is neutral in nearest term. Overall we are still in the rising wedge bearish scenario but would need a clear break below 109.50 to continue the bearish pressure targeting 108.33. Immediate resistance at 110.70 (yesterday’s high) followed by 111.60/90.