EUR/JPY Mid-Day Outlook

[Forex-Outlook]

EUR/JPY's break of 116.55 indicates that fall from 122.27 has resumed and turns intraday bias back to the downside. Further fall should be seen to retest 110.69 low first. On the upside, above 118.69 minor resistance will indicate that fall from 122.27 has completed and flip intraday bias back to the upside. Further break of 122.27 resistance will target a retest on 127.88 key resistance level.

Read Full Out-Look by Action Forex