EUR/JPY Forecast July 28, 2016, Technical Analysis

EUR/JPY pair initially rallied during the course of the session on Wednesday, but turned around and gave about half of the gains up. With this, it looks like we are to continue to bang around but I think that the 115 level will continue to offer fairly hard floor in this market for the time being. I think short-term pullbacks are buying opportunities, as the floor has been fairly stable lately. Also, you have to keep in mind that the Bank of Japan continues to threaten to get involved if this market falls apart too far. - 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. bears no responsibility for any trading losses you might incur as a result of using any data within the