EURJPY Forecast Feb 10-14

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Recommendations: SHORT positions below 142.25 with 138.50 & 136.22 as next targets.

Alternative scenario:The upside breakout of 142.25 will open 142.70/144.92.

Description: Outlook in EURJPY is on the downside this week, as long as resistance 142.25 holds on a daily closing basis , support comes at the 138.50 levels , a break will turn focus on the 136.22 , further out will extend losses towards the 134.36 levels .On the upside  break of 142.25 on a daily basis will signal short term bottoming and reverse risks to the upside towards 142.70 ahead of 144.92 levels, break of 144.92 will recapture the 145.68 levels.

Support & Resistance :133.64, 134.36 , 136.39 ,138.50 , 140.05 , 141.40,142.25 (pivot), 142.70 , 144.92 . 145.68 , 147.00

 

EURJPY Forecast Feb 10-14

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