[m.youssif]

EURJPY Forecast
The EURJPY didn’t make significant movement yesterday and still trapped in range area of 115.65 – 111.60 in the last 9 weeks. The bias is neutral both in nearest and medium term and I think I will keep stand aside for now. Immediate resistance remains at 113.44 and the minor trend line resistance (red). Break above that area could trigger further bullish pressure testing 114.28 – 114.65. On the downside, key support level remains at 111.60. Break below that area could lead us to a bearish outlook.

[m.youssif]

EURJPY Forecast
The EURJPY didn’t make significant movement yesterday and still trapped in range area of 115.65 – 111.60 in the last 9 weeks. The bias is neutral both in nearest and medium term and I think I will keep stand aside for now. Immediate resistance remains at 113.44 and the minor trend line resistance (red). Break above that area could trigger further bullish pressure testing 114.28 – 114.65. On the downside, key support level remains at 111.60. Break below that area could lead us to a bearish outlook.