EUR/JPY Forecast September 26, 2016, Technical Analysis

The EUR/JPY pair fell initially during the course of the session on Friday, but turned right back around to form a bit of a positive candle for the day. I believe that we are going to try to reach towards the 115 level, but it might be a bit of a grind to get there. Ultimately, I believe that this market will continue to struggle overall, so I feel that this is a short-term bounce at best. An exhaustive candle above could be a nice selling opportunity in my estimation. Although there is a short-term bounce coming in my opinion, I think it’s just that: short-term.

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