[m.youssif]

EURJPY Forecast
The EURJPY had a moderate bearish pressure on Friday, but so far still unable to break below 108.33 support area. We are still in the rising wedge strong bearish scenario but need a clear break below 108.33 to continue the bearish pressure targeting 107. 30. Immediate resistance at 109.50. Clear break above that area could trigger further upside momentum testing 110.10/70. We have only a few days left before entering a new year and some upside consolidation may occur.

[m.youssif]

EURJPY Forecast
The EURJPY had a moderate bearish pressure on Friday, but so far still unable to break below 108.33 support area. We are still in the rising wedge strong bearish scenario but need a clear break below 108.33 to continue the bearish pressure targeting 107. 30. Immediate resistance at 109.50. Clear break above that area could trigger further upside momentum testing 110.10/70. We have only a few days left before entering a new year and some upside consolidation may occur.