EUR/JPY Forecast February 1, 2016, Technical Analysis

The EUR/JPY pair rallied during the session on Friday but turned back around to form a shooting star. Because of this, we feel that the market will probably try to pull back and look for buyers at lower levels, but eventually should bounce as the Bank of Japan has suggested more quantitative easing is on the way. The markets look like they are ready to go higher, but we just simply need to build up enough momentum. We have no interest in selling at this point in time as the Bank of Japan has made its intentions clear. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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