EURJPY Daily Forecast Mar 27 2014

The EURJPY continued its bearish momentum yesterday , printed resistance at the 141.50 levels . This development leaves the pair targeting the 140.00 levels where a breach will turn focus on the 139.00 levels , further downside will aim the 137.80 levels.

On the upside , resistance comes at the 141.50 levels , break of 141.50 on a daily closing basis , will open 141.95 levels , a halt is likely , but break of 141.95 will reverse risks towards the 143.37 levels ,  a head of the 143.78 levels.

In all , as long as resistance 141.50 holds on a daily closing basis , the EURJPY will remain based to the downside towards the 140.00 levels ahead of the 139.00 levels , break of 141.50/141.95 levels on a daily basis will reverse risks towards the 143.37/143.78 levels.

 

EURJPY Daily Forecast Mar 27 2014

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