[m.youssif]

EURJPY Forecast
The EURJPY was corrected significantly higher yesterday, topped and closed around 133.35, erased all the bearish momentum we had on Tuesday. However note that as long as price still move inside the bearish channel the major scenario remains bearish and only a violation to the bearish channel and consistent move above 113.75 could end the bearish phase and trigger further bullish momentum testing 114.65. Immediate support at 112.80. Clear break below that area could trigger further bearish pressure re-testing 111.60.

[m.youssif]

EURJPY Forecast
The EURJPY was corrected significantly higher yesterday, topped and closed around 133.35, erased all the bearish momentum we had on Tuesday. However note that as long as price still move inside the bearish channel the major scenario remains bearish and only a violation to the bearish channel and consistent move above 113.75 could end the bearish phase and trigger further bullish momentum testing 114.65. Immediate support at 112.80. Clear break below that area could trigger further bearish pressure re-testing 111.60.