EUR/JPY Forecast June 7, 2016, Technical Analysis

The EUR/JPY pair formed a very positive candle during the course of the day on Monday, as the 122 level is now being tested. Ultimately, some type of exhaustive candle would be reason enough to start selling, and probably the easiest trade to take. In fact, I don’t have any situation where I want to buy this pair unless we form a longer-term bullish signal, which hasn’t happened quite yet. At this point in time, we do not have the exhaustive candle I want to see in order to start selling, so I’m on the sidelines. - 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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