EURJPY Weekly Forecast 27 – 31 Jan

EURJPY Weekly Forecast 27 – 31 Jan  (Rebound )

Recommendations: LONG positions above 138.39  with 141.76 & 143.30 as next targets.

Alternative scenario:The downside breakout of 138.93 will bring a slide to 136.39/134.36

Description: Outlook in EURJPY is on the upside this week with risk towards 141.76 ahead of 143.30 levels as long as support 138.39 holds on a daily closing basis, break of 143.30 would challenge 144.92/145.68 levels .On the downside , losing the key support 138.39 would turn outlook bearish and open 136.39 levels where a breach will turn focus on the 134.36 levels.

Support & Resistance :133.64, 134.36 , 136.39 , 138.39 (Pivot) , 141.76 , 143.30 , 144.92

 

EURJPY Weekly Forecast 27 - 31 Jan

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