[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 110.22 but closed significantly lower at 109.26 in a high volatile market. The bias is neutral in nearest term. On h4 chart below we can see price made a strong bearish pullback after slipped above the trend line resistance indicates a potential false breakout scenario which could trigger further bearish pressure in nearest term testing 108.60 and 107.30 support area. We are at critical technical point here, where a clear break above the trend line resistance and consistent move above 110.22 could be an early signal of a bullish reversal scenario.

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push higher yesterday, topped at 110.22 but closed significantly lower at 109.26 in a high volatile market. The bias is neutral in nearest term. On h4 chart below we can see price made a strong bearish pullback after slipped above the trend line resistance indicates a potential false breakout scenario which could trigger further bearish pressure in nearest term testing 108.60 and 107.30 support area. We are at critical technical point here, where a clear break above the trend line resistance and consistent move above 110.22 could be an early signal of a bullish reversal scenario.