EURJPY Daily Forecast Feb 24


The EURJPY maintained a bullish momentum, last Friday , printed support at the 140.27 levels . This development leaves the pair targeting the 141.26 levels , a halt is suggested but break of 141.26 will open 142.65 levels next , further out will aim the 144.40 levels.

On the downside , a failure to hold above the 141.26 levels could mean a return to the 140.27 levels , a halt is likely , but If 140.27 fails on a daily basis , expect the pair to weaken further towards the 138.95 levels , a cut will open 138.15 levels.

In all , as long as support 140.27 holds on a daily basis , the EURJPY will remain based to the upside with risk towards 141.25/142.65 levels , losing the 140.27 will reverse risks towards the 138.95/138.15 levels .


EURJPY Daily Forecast Feb 24