EUR/JPY Forecast August 10, 2016, Technical Analysis

The EUR/JPY pair went back and forth during the course of the session on Tuesday, forming a fairly neutral candle. This being the case, the market looks like it is running out of steam at this point, so we could very well rollover. However, I don’t see a signal to trade off of yet so although I have more of a negative attitude when it comes to this pair, but I also recognize that we don’t have a signal quite yet. Given enough time, we very well could find yourselves reaching towards the 111 level below.

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