EURJPY Weekly Forecast Mar 17 2014

Outlook in EURJPY remains neutral with risk to the upside , the weekly break above the 141.25 levels 2 weeks ago , printed support at the 139.14 levels . Now pressure will be on the 145.15 levels , a halt is likely , but sustained trading Рweekly closing Рabove the 145.15 levels  will open 148.50 levels next , more gains will aim the 150.00/152.00 levels.

On the downside , minor support at the 140.43 levels , stability above this level will keep pushing towards the 145.15 levels , losing the 140.43 levels would open main support at the 139.14 levels before the next rise , below 139.15 will turn outlook towards the 136.22 levels.

In all , as long as support 139.14 holds on a weekly basis , the EURJPY will remain based to the upside towards the 145.15 levels , below 139.15 will turn outlook towards the 136.22 levels.

 

EURJPY Weekly Forecast Mar 17 2014

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