EURJPY Forecast Feb 03-07

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Recommendations: SHORT positions below 141.05 with 136.40 & 134.36 as next targets.

Alternative scenario: The upside breakout of 141.05 will bring rebound to 142.25/142.70.

Description: Outlook in EURJPY is on the downside this week, the daily break blow 138.40 levels last week, opens 136.40 ahead of 134.36 levels, further out will aim the 133.64 levels.On the upside: resistance comes at the 141.04 levels, break of this level on a daily basis will reverse risks to the upside towards 142.25 ahead of 142.70 levels, break of 142.70 on a daily basis will recapture the 145.68 levels.

Support & Resistance :133.64, 134.36 , 136.39 ,138.50 , 140.05 (Pivot) , 141.40,142.25 , 142.70 , 144.92

 

EURJPY Forecast Feb 03-07

MARKET DATA

UPCOMING ECONOMIC EVENTS

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