EUR/JPY Forecast September 22, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the day on Wednesday, but then turned right back around to form a fairly negative candle. At this point in time, if we can break down below the bottom of the candle, I think at this point the market would find itself reaching towards the 110 handle. Rallies at this point in time will continue to see exhaustive on short-term charts that you can probably take advantage of. With this, I believe that the sellers have taken control this market and sooner or later they will express their opinion.

Economic Calendar