EUR/JPY Forecast January 28, 2016, Technical Analysis

The EUR/JPY pair broke higher during the day on Wednesday, and now looks ready to reach towards the 130 handle. That area should be rather resistive, but having said that we feel that the market will continue to find buyers on pullbacks. A break above the 130 level would be very bullish though, and would have us buying for more of a longer-term move. We have no interest in selling at the moment, there is far too much in the way of support below as seen over the last several weeks, centered around the 128 handle.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com