EURJPY Weekly Forecast Jul 07 2014

Outlook in EURJPY remains -cautiously- on the downside this week towards the 135.55 levels as long as resistance 138.92 / 140.08 holds on a weekly basis , a halt is likely , but losing the 135.55 levels on a weekly basis would open 132.80 next , further downside will aim the 130.00 levels….

On the upside , resistance comes at the  138.92 levels ahead of 140.08 (main) , break of the 140.08 will turn outlook neutral for the 140.95 /142.35 levels , a halt could be seen, but break of the 132.35 levels will recapture the 143.78 levels…

In all , as long as resistance 138.92 / 140.08 holds on a weekly closing basis , outlook in EURJPY remains on the downside towards the 135.55 levels and possible lower towards the 132.80 levels , break of 140.08 levels will reverse risks towards the 142.35 levels and possible higher towards the 143.78 levels….

 

EURJPY Weekly Forecast Jul 07 2014

 

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