EURJPY Weekly Forecast Sept 15 2014

Outlook in EURJPY remains on the upside as long as support 138.27 holds on a weekly closing basis , resistance comes at the 138.18 levels , sustained trading above the 138.18 levels will open 140.10 next , a halt is likely , but a clear break above the 140.10 levels will turn focus on the 141.30 levels ahead of the 143.60 levels..

On the downside , support comes at the 138.72 levels , a clear break below this level will turn outlook neutral for retesting the 135.72 levels before  the next rise…

In all , as long as support 138.27 holds on a weekly closing basis , outlook in EURJPY remains on the upside towards the 140.10 levels and possible higher towards the 141.30/143.60 levels, a clear break below the 138.27 levels will reverse risk towards the 135.72 levels before the next rise…..

 

EURJPY Weekly Forecast Sept 15 2014

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