EURJPY Weekly Forecast Jul 14 2014

Outlook in EURJPY remains -cautiously- on the downside  as long as resistance 138.92 / 140.08 holds on a weekly basis , support comes at  the 137.49 levels , losing this level would open 135.25 next , a halt is likely , but further downside will aim the  132.45 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 135.25 levels and possible lower towards the 132.45 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 14 2014

 

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