EUR/JPY Forecast September 6, 2016, Technical Analysis

The EUR/JPY pair fell slightly during the course of the day on Monday, testing the 115 handle. The market of course has found this area to be interesting before, so I would not be surprise at all to see if we get some type of supportive candle that we can start buying. With this being the case, the market will continue to grind higher, and as a result reach towards the 118 handle. However, if we break down below the 114 level, I feel that we will sell off again as the market remains volatile.

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