[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish momentum yesterday after failed to break above 109.50, bottomed at 107.61 and closed at 108.04. The bias is bearish in nearest term targeting 107.30 even 106.25 support area. Immediate resistance at 108.33. Break above that area could lead us to neutral zone in nearest term with 109.50 resistance area to be re-tested but I still prefer a bearish scenario.

[m.youssif]

EURJPY Forecast
The EURJPY continued its bearish momentum yesterday after failed to break above 109.50, bottomed at 107.61 and closed at 108.04. The bias is bearish in nearest term targeting 107.30 even 106.25 support area. Immediate resistance at 108.33. Break above that area could lead us to neutral zone in nearest term with 109.50 resistance area to be re-tested but I still prefer a bearish scenario.