EURJPY Daily Forecast Dec 08 2014

Outlook in EURJPY remains on the upside as long as support 148.15 holds on a daily closing basis , resistance comes at the 150.50 levels , a halt is likely but a breach will open 152.00 next , further upside will aim the 153.50/154.50 levels.

On the downside , support comes at the 148.15 levels , losing this level on a daily closing basis will turn outlook neutral and bring a corrective pullback above the 145.57/144.50 levels before the next rise , however ; a clear break below the 144.50 will terminate the current bullish run and turn outlook bearish towards the 140.00 levels ahead of the 137.00 levels.

In all ,as long as support 148.15 holds on a daily closing basis , outlook in EURJPY remains on the upside towards the 150.50 levels ahead of the 152.00 levels , below 148.15 will turn outlook neutral and bring consolidation above the 144.50/145.50 levels before the next rise.

In the medium term forecast , as long as support 145.83/147.96 holds on a weekly closing basis , outlook remains on the upside towards the 155.08 levels ahead of the 161.38 levels

 

EURJPY Daily Forecast Dec 08 2014

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