EURJPY Daily Forecast Oct 24 2014

The EURJPY maintained a bullish momentum yesterday , printed support at the 135.20 levels . This development leaves the pair targeting the 137.80  levels , a halt is likely , but a break would open 138.755 next , further upside will aim the 140.00 levels..

On the downside , support comes at the 136.20  levels ahead of the 135.20 levels (main) , losing this level will turn outlook neutral for retesting the 134.13 levels before the next possible rise.

In all , as long as support 135.20 holds on a daily closing basis , outlook in EURJPY  remains on the upside towards the 137.80  levels ahead of the 140.00  levels , below the 135.20  levels  will turn outlook neutral towards the 134.13  levels before the next move.

Note that stability above 137.00 is needed to accelerate the expected bullish move …….

 

EURJPY Daily Forecast Oct 24 2014

 

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