EUR/JPY Forecast September 12, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the course of the session on Friday, but turn right back around to form a bit of a shooting star. By breaking down below the bottom of the shooting star, the market could drop down to the 114 handle next. Ultimately, if we break above the top of the shooting star, it’s likely that we could see buyers get involved. Ultimately, I think that the one thing you can count on is a lot of choppiness in this market, and as a result you have to be very nimble.

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