EURJPY Weekly Forecast Jun 09 2014

Outlook in EURJPY has turned neutral for retesting main resistance at the 142.35 levels , a halt is likely , but a clear break will turn outlook bullish for 143.78 levels , we might see hesitation , If this resistance is taken out , expect the pair to strengthen further towards the 145.68 levels….

On the downside , minor support comes at the 137.97 levels , losing this level would open main support at the 135.30 levels , a halt is strongly suggested , but If 135.30 fails , expect to see the pair around the 132.19 levels before the next possible rise…

In all , as long as resistance 142.35 holds on a weekly closing basis , outlook in EURJPY remains on the downside towards the 137.97 levels and possible lower , break of 142.35 levels will reverse risks to the upside towards the 143.78 levels and possible higher towards the 145.68 levels…


EURJPY Weekly Forecast Jun 09 2014