EURJPY Daily Forecast Feb 18

The EURUJPY maintained a bullish momentum yesterday , printed support at the 138.95 levels .This development leaves the pair targeting the 140.30 levels where a breach is likely , If seen , it will target the 141.25 levels , a halt is suggested , but a breach will turn focus on the 141.75 levels , further out will aim the 143.30 levels.

Alternatively , a failure to hold above the 140.30 levels , could mean a return to the 138.95 levels , a halt could be seen , but  losing the 138.95 levels will suggest short term topping and reverse risks to the downside towards the 136.22 levels , a cut will extend losses to the 134.35 levels.

In all , as long as support 138.95 holds on a daily closing basis , the EURJPY is likely to return to its short term upside bias with risk towards the 140.30/141.25 levels , losing the 138.95 levels will reverse risks to the downside towards the 136.22 levels.

 

EURJPY Daily Forecast Feb 18

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