EURJPY Daily Forecast Apr 29 2014

The EURJPY continued its  bullish momentum yesterday , printed support at the 140.98  levels . This development leaves the pair targeting the 142.70 levels where a breach will turn focus on the 143.45  levels , further upside will aim the 144.20 levels.

On the downside , main support comes at the 140.98   levels , losing this level on a daily closing basis will turn outlook neutral for retesting 140.00 levels before the next possible rise, losing the 140.00 levels would open 138.80 levels.

In all , as long as support 140.98  holds on a daily closing basis , outlook in EURJPY  remains on the upside towards the 142.70/143.45  levels , below 140.98  will reverse risks towards the 140.00  levels.

EURJPY Daily Forecast Apr 29 2014