EURJPY Weekly Forecast Jun 16 2014

The EURJPY continued its bearish momentum last week , printed resistance at the 140.08  levels . This development leaves the pair targeting the 135.55  levels , 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 at 138.65  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 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 Jun 16 2016

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