EURJPY Forecast
The EURJPY attempted to push lower yesterday, slipped below 114.00 but whipsawed to the upside after found support at 113.49 (which is also Friday’s low) and now traded back above 114.00. The bias is neutral in nearest term. As you can see on my h4 chart below price still moves inside the minor bearish channel still suggests more bearish intraday bias at this phase, which can only be cancelled by a violation to that minor bearish channel and a clear break above 116.00. On the downside we need a clear break below 113.49 to continue the bearish scenario still targeting 112.05. Immediate support at 114.30. A clear break below that area would change the intraday bias back to bearish testing 113.49.
