EUR/JPY Forecast August 29, 2016, Technical Analysis

The EUR/JPY pair went back and forth during the course of the day on Friday, as we continue to hang about the 113.50 level. This being the case, the market looks as if it is ready to simply go sideways overall and therefore I don’t really have any real interest in buying or selling at this point in time. I think that if we get some type of rally from here though, we very well could see exhaustion that we could start selling. That’s the play as far as I can see at this point in time.

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