EUR/JPY Forecast February 4, 2016, Technical Analysis

The EUR/JPY pair went back and forth during the course of the session on Wednesday, testing the 130 level. That being the case, the market looks as if it is going to try to bounce from here and continue to go much higher. We have no interest in shorting this market, and on a break above the top of the range for the session on Wednesday we feel that buying can be done. The 132.50 level will be attempted again, and we feel it’s only a matter of time before we get there. - 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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