EURJPY Weekly Forecast Jul 28 2014

Outlook in EURJPY remains on the downside as long as resistance 137.50 holds on a weekly closing basis , support comes at the 136.70 levels , sustained trading below this level would open 134.80 levels , further downside  will aim the  132.30 levels…

On the upside , resistance comes at the 137.50 levels , sustained trading – weekly closing – above the 137.50 levels will turn outlook neutral and delay the bearish move for retesting the 138.82/140.08 levels before the next fall……..

In all , as long as resistance 137.50 holds on a weekly closing basis , outlook in EURJPY remains on the downside towards the 134.80 levels ahead of the 132.30 levels , break of the 137.50 will turn outlook neutral for retesting the 138.82/140.08 before the next possible fall….

 

EURJPY Weekly Forecast Jul 28 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS