EURJPY Weekly Forecast 20 – 24 Jan

EURJPY Weekly Forecast 20 – 24 Jan  (Downside Risk )

Recommendations: SHORT positions below 143.30  with 140.00 & 138.42 as next targets.

Alternative scenario:The upside breakout of 143.30 will bring rebound to 144.92/145.68.

Description: Outlook in EURJPY is on the downside this week with risk towards 140.00 ahead of 138.42 levels as long as resistance 143.30 holds on a daily closing basis, below 138.42 would open 136.39 next.On the upside break of  143.30 would turn outlook neutral and bring rebound towards 144.92/145.68 levels before the next possible fall ,break of 145.68 would turn outlook bullish and open 147.00/148.50 levels.

Support & Resistance : 138.42 , 140.00 , 142.33 , 143.30 (Pivot) , 144.92 , 145.68 , 0.8566

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

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