[m.youssif]

EURJPY Forecast
The EURJPY failed to continue its bearish bias yesterday, violated the minor bearish channel to the upside as you can see on my h4 chart below. The bias is bullish in nearest term especially if price able to make a clear break above 109.50 testing 110.10/50 and could be a serious threat to the major bearish scenario. Immediate support at 108.60. Break below that area could trigger further bearish pressure re-testing 107.30 and keep the bearish scenario remains strong as a false breakout scenario could be produced.

[m.youssif]

EURJPY Forecast
The EURJPY failed to continue its bearish bias yesterday, violated the minor bearish channel to the upside as you can see on my h4 chart below. The bias is bullish in nearest term especially if price able to make a clear break above 109.50 testing 110.10/50 and could be a serious threat to the major bearish scenario. Immediate support at 108.60. Break below that area could trigger further bearish pressure re-testing 107.30 and keep the bearish scenario remains strong as a false breakout scenario could be produced.