EURJPY Daily Forecast Jul 31 2014

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The EURJPY  maintained a bullish momentum yesterday , printed support at the 136.82  levels . This development leaves the pair targeting the 138.25  levels , a halt could be seen , but a breach -sustained trading – above the 138.25 levels will turn focus on the 138.75   levels , further upside will aim the 139.35  levels.

On the downside , support comes at the 137.10 levels ahead of the 136.82 levels (main) , sustained trading – daily closing – below 136.82 will turn outlook bearish for the 136.36 levels and possible lower towards the 135.50 levels….

In all ,as long as support  136.82  holds on a daily closing basis , outlook in EURJPY  remains on the upside with risk towards the 138.25  levels , below  136.82 will reverse risks towards the 136.36/135.50  levels …….

 

EURJPY Daily Forecast Jul 31 2014

 

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