[m.youssif]

EURJPY Forecast
The EURJPY was indecisive on Friday. As you can see on my hourly below the minor trend line resistance (white) still provide a good resistance after the fall from 123.31. The bias is neutral in nearest term. Another move back below 119.30 could trigger further downside pressure testing 118.61 – 118.00 support area. Immediate resistance at 120.00. A clear break above that area would change the intraday bias to bullish testing 120.50 but only a clear break above 120.50 could end the current bearish phase testing 123.31.

[m.youssif]

EURJPY Forecast
The EURJPY was indecisive on Friday. As you can see on my hourly below the minor trend line resistance (white) still provide a good resistance after the fall from 123.31. The bias is neutral in nearest term. Another move back below 119.30 could trigger further downside pressure testing 118.61 – 118.00 support area. Immediate resistance at 120.00. A clear break above that area would change the intraday bias to bullish testing 120.50 but only a clear break above 120.50 could end the current bearish phase testing 123.31.