DAILY FORECAST FOR EURJPY

Bias: I feel there is early risk of a retest at 135.36-71 but then end the day lower

There is still early risk of seeing a push into the 135.36-71 area but I feel this will cap and generate losses by the end of the day. From there, or an earlier break below 133.99, I will expect the downtrend to continue. There is minor support at 133.10-50 and stronger at 133.02. Take care as this area may well hold on first test. Thus, only look for stronger follow through on a break of 133.02 and if seen will provoke additional losses to 132.34 at least. Then note support at 130.72-97 and 130.39

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day’s set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.

I shall be presenting a seminar in Hong Kong on Saturday 27th June at the Excelsior Hotel in Causeway Bay. Please see http://www.earlthorn.com/ for details.

Kind regards

Ian

The Brief Daily Forecaster.pdf