EUR/JPY Forecast July 20, 2016, Technical Analysis

The EUR/JPY pair fell slightly during the course of the session on Tuesday, but as you can see has seen quite a bit of bullish pressure lately. With this, I feel that this market could very well drop back down to the 115 level, where I would anticipate seeing quite a bit of support. Ultimately, this is a market that is in a downtrend, but this latest rally at this point in time has shown quite a bit of bullish pressure. This is a necessarily because of the Euro, it’s more than likely due to the Bank of Japan. - 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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