EUR/JPY Forecast September 28, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the course of the session on Tuesday, but turn right back around to form a very negative candle. If we can break down below the 112 level, we could extend down to the 110 level given enough time. I do think that happens, but we may have a lot of volatility in this area going forward. Rallies at this point in time should continue to be selling opportunities as well, and I will do so at the first signs of exhaustion. I have no interest in buying.

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