EURJPY Weekly Forecast Aug 11 2014

Outlook in EURJPY remains  neutral , resistance comes at the 138.00 levels , sustained trading above this level will recapture the 140.08 levels , a halt is  likely but further upside will aim the 140.95 levels, more gains will pave the way towards the 143.60 levels..

On the downside , a failure to take out the 138.00 levels , could mean a return to the 136.70 levels , losing this level will resume the bearish move towards the 135.00 levels , further losses will aim  the  132.30 levels…….

In all , weekly outlook in EURJPY remains neutral with risk to the downside within 136.70/ 140.95 range ………above the 140.95 levels will aim the 143.60 levels , while below the 136.70  levels will pave the way towards the 135.00 levels ……..

EURJPY Weekly Forecast Aug 11 2014

 

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