EURJPY Daily Forecast Nov 04 2014

Outlook in EURJPY remains on the upside as long as support 141.21/140.78 holds on a daily closing basis , resistance comes at the 142.60 levels , a halt is likely , but a breach would open 145.00 next , further upside will call for a run towards the 147.50 levels.

On the downside , support comes at the 141.21 levels ahead of the 140.78 levels (main) , a clear break below 140.78 will turn outlook neutral for retesting the 139.00/137.66 levels before the next rise.

In all , as long as support 141.21/140.78 holds on a daily closing basis , outlook in EURJPY remains on the upside towards the 142.60 levels ahead of the 145.00 levels , below 140.78 will turn outlook neutral for retesting the 139.00/137.66 levels before the next possible rise.

 

EURJPY Daily Forecast Nov 04 2014

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