EUR/JPY Forecast January 21, 2016, Technical Analysis

The EUR/JPY pair fell during the course of the session on Wednesday, testing the 127 handle. The market has been very bearish overall, so a break down from here wouldn’t be a huge surprise. If we can get some type of move below the bottom of the range for the day on Wednesday, we would be sellers, as it should be a continuation of the bearish pressure and an attempt to get down to the 125 handle given enough time. Any rally at this point in time will be treated with suspicion, and sold off at the very first sign of exhaustion. - 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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