EURJPY Weekly Forecast Sept 29 2014

Outlook in EURJPY has turned neutral with possible risk to the upside , support comes at the 138.37 levels , a failure to hold below the 138.37 levels on a weekly closing basis could mean a return to the 140.20 levels , a break would recapture the 141.21 levels , further upside will aim the 142.50 levels..

On the downside , support comes at the 138.37 levels , a clear break below this level will bring deeper decline towards the 135.70 levels before the next move .

In all , as long as support 138.37 holds on a weekly closing basis , outlook in EURJPY remains on the upside towards the 140.20/141.21 levels , below the 138.37 levels will reverse risk towards the 135.70 levels…

 

EURJPY Weekly Forecast Sept 29 2014

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UPCOMING ECONOMIC EVENTS