EUR/JPY Forecast September 8, 2016, Technical Analysis

The EUR/JPY pair initially fell during the course of the session on Wednesday, but turned right back around to form a bit of a hammer. Because of this, it looks like we will probably try to continue to go higher, but I also recognize that the 115 level will probably be very influential and perhaps difficult to deal with. However, it does look as if the buyers are going to try to make some type of statement here. There is so much in the way of support below that I may find it difficult to imagine that will break down significantly.

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