EUR/JPY Forecast August 1, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the course of the session on Friday, but then sliced down below the 115 level. With this being the case, the market looks as if it is trying to break down, but there is a lot of noise just below. I believe that any rally at this point in time should be a nice selling opportunity on signs of exhaustion. Ultimately, this is a market that should try to reach down to the 110 level over the longer term, unless of course the Bank of Japan gets involved. - 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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