EURJPY Daily Forecast Dec 02 2014

Outlook in EURJPY remains neutral with risk to the upside , support comes at the 145.66 levels , a failure to hold below the 145.66 levels on a daily closing basis could mean a return to the 148.00/149.15 levels , a halt is likely but a breach would open 150.00 next , further upside will aim the 151.30 levels.

On the downside support comes at the 146.42/145.66 levels¬†, below 145.66 will open main support at the 144.50 levels .At this point I’d expect strong support from the 144.50 levels to contain fall from the 149.15 levels and bring strong rebound to the upside , however ; a clear break below the ¬†144.50 levels on a daily closing basis will terminate the current bullish run and have large bearish implication towards the 142.00 levels ahead of the 135.00 levels…

In all , as long as support 145.66 holds on a daily closing basis , outlook in EURJPY remains neutral with risk to the upside towards the 148.00/149.15 levels ahead of the 150.00/151.30 levels , below 145.66 will bring a small decline to 144.50 levels before the next rise…

 

EURJPY Daily Forecast Dec 02 2014

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