EUR/JPY Forecast September 2, 2016, Technical Analysis

The EUR/JPY pair went back and forth during the course of the day on Thursday, as it looks like we are going to try to grind higher. The 115 level could be supportive at this point, as it was previously resistive. However, this market is very sensitive to risk appetite, so the fact that we have the jobs number coming out of America today could very well cause quite a bit of volatility. A break down below the 115 level could be very negative, especially if we managed to break down and close below there.

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