EURJPY Daily Forecast Nov 10 2014

Outlook in EURJPY remains on the upside as long as support 142.50 holds on a daily closing basis , resistance comes at the 144.20 levels where a breach will turn focus on the 145.00 levels , a halt is likely , but further upside will aim the 146.20 levels ahead of the 147.50 levels.

On the downside , a clear break below the 142.50 levels on a daily closing basis will turn outlook neutral towards the 140.78 levels before the next rise…however ; losing the 140.78 levels on a daily closing basis will extend pullback towards theĀ 139.00/137.66 levels before the next rise.

In all , as long as support 142.50 holds outlook in EURJPY remains on the upside towards the 144.20/1450.00 levels , below 142.50 will turn outlook neutral towards the 140.78 levels before the next rise…

 

EURJPY Daily Forecast Nov 10 2014

 

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