EURJPY Daily Forecast Sept 17 2014

Outlook in EURJPY  remains on the upside as long as support 138.22  holds on a daily closing basis , resistance comes at the 139.18  levels ,a clear break above the 139.18 levels will turn focus on the 140.00  levels , a  halt is likely , but a break would open 141.25  next , further upside will aim the 142.57  levels….

On the downside ,support comes at the 138.22  levels , losing this level on a daily closing basis , would only delay the bullish move and bring consolidation  ; but downside below 138.22 should be contained well above the 137.30/137.72 levels ….

In all , as long as support 138.22  holds on a daily closing basis , outlook in EURJPY  remains on the upside towards the 139.18  levels and possible higher towards the 140.00  levels , a clear break below the 138.22 levels  will turn outlook neutral towards the 137.72/137.30  levels before the next rise…..

 

EURJPY Daily Forecast Sept 17 2014

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