EURJPY Daily Forecast Feb 20 2015

Outlook in EURJPY remains neutral at the moment , trapped within 133.70/137.63 levels . On the upside . stability above the 133.70 levels could mean a return to the 136.68/137.63 levels , a halt is likely , but sustained breakout above the 137.63 levels will have large bullish implication towards the 141.72/144.76 levels .

On the downside , stability below the 137.63 levels on a daily closing basis , could mean a return to the 133.70 levels , a halt is likely , but a clear break below the 133.70 levels will bring fall resumption and open the 130.13 levels , a halt is likely but a cut will open 128.00 levels , further down will target the 125.00 levels .

In all , the EURJPY is likely to consolidate within 133.70/137.63 range , below 133.70 will open 130.00/128.00 levels , while above 137.63 will bring strong bullish move towards the 141.72/144.76 levels..

 

EURJPY Daily Forecast Feb 20 2015

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