EUR/JPY Forecast May 26, 2016, Technical Analysis

The EUR/JPY pair broke higher during the day on Wednesday, breaking above the top of the hammer from the Tuesday session. This is a bullish sign, but there is so much in the way of noise just above, but we think this is a simple bounce that only short-term traders will be interested in. We think that the 124 region begins a significant amount of resistance, and with that being the case it’s likely that the market will be a market that’s attractive to scalpers only. We will continue to look for a little bit more reliable trading action to base a decision on.

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