EURJPY Daily Forecast Oct 20 2014

Outlook in EURJPY has turned neutral , a short term support has been placed at the 134.13 levels and more consolidative trading is suggested above the 134.13 levels , but consolidation above the 134.13 levels should be limited by  the 137.93/139.08 levels.

On the downside , support comes at the 136.05 levels , a clear break below this level will turn outlook towards the 134.13 levels , a cut will open 132.20 levels , further losses will pave the way towards the 131.00 levels.

In all , as long as support 134.13 holds on a daily closing basis ,  the EURJPY  remains in recovery mode , but recovery should be limited by the 137.93/139.08 levels , below 134.13 will resume fall from 141.21 towards the 132.20/131.00 levels.


EURJPY Daily Forecast Oct 20 2014