EURJPY Daily Forecast Sept 25 2014

Outlook in EURJPY has turned neutral at the moment , resistance comes at the 140.52 levels , while support comes at the 138.16 levels , sideways trading is suggested within 138.16/140.52 levels .

On the upside , to resume the upside offensive , 140.52 should be taken out on a daily closing basis , If seen , next resistance  will be the 141.80 levels , a halt is likely , but further upside will aim the 143.50 levels ahead of the 145.00 levels…

On the downside , a clear break below the 138.16 will turn outlook towards the 135.18 levels  before the next move ..

In all , the EURJPY is likely  to consolidate below the 140.52 levels , but downside below the 140.52 levels should be contained well by the 138.16 levels ,losing the 138.18 levels will pave the way towards the 135.18 levels even in case of bullish correction …


EURJPY Daily Forecast Sept 25 2014