EUR/JPY Forecast September 30, 2016, Technical Analysis

The EUR/JPY pair broke higher during the course of the session on Thursday, and rallied quite stringently. I believe at this point in time though, there is going to be resistance above that will affect this market. The 115 level above will be an area where a lot of traders will be interested in, so between here and there, but we get an exhaustive candle I am more than willing to sell at that point in time. I do recognize however that there is going to be a certain amount of bullish pressure going forward, so short-term traders may be able to go either direction.

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