EURJPY Daily Forecast Jun 05 2014

Outlook in EURJY remains on the upside as long as support 139.30/138.65 holds on a daily closing basis , stability above the 139.30 levels  on a daily closing basis could mean a return to the 139.95 levels , a break will open 140.50 next , If this important resistance is taken out , expect the pair to fly towards the 141.75/142.35 levels.

On the downside , minor support comes at the 139.30 followed by main support at the 138.65 levels , losing the last one on a daily closing basis will turn outlook neutral for retesting 137.97 levels ,  If this level fails , expect the pair to extend losses towards the 137.30 levels ahead of the 136.22 levels…

In all , as long as support 138.65 holds on a daily closing basis , outlook in EURJPY remains on the upside with risk towards the 139.95 levels ahead of the 140.50 levels . Below 138.65 will turn outlook neutral for retesting the 137.97 before the next possible rise…

 

EURJPY Daily Forecast Jun 05 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS