[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday after price failed to break above the bearish channel as you can see on my h4 chart below. This fact keeps the major bearish scenario intact. The bias is bearish in nearest term testing 111.60. Immediate resistance at the upper line of the bearish channel and 113.75. Break above that area and violation to the bearish channel could be a threat to the current bearish outlook testing 114.65 and 115.65 area.

[m.youssif]

EURJPY Forecast
The EURJPY had a bearish momentum yesterday after price failed to break above the bearish channel as you can see on my h4 chart below. This fact keeps the major bearish scenario intact. The bias is bearish in nearest term testing 111.60. Immediate resistance at the upper line of the bearish channel and 113.75. Break above that area and violation to the bearish channel could be a threat to the current bearish outlook testing 114.65 and 115.65 area.