EUR/JPY Forecast October 14, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the course of them Thursday but then fell rather significantly. However, we found the 114 level below to be supportive enough to turn things around and cause a bit of a hammer. With that being the case, looks as if we’re going to grind towards the 115 level and then perhaps even the 160 level after that. I’m not interested in selling at the moment, and recognize that sooner or later the buyers should return. A break down below the bottom of the candle for the session on Friday could change my mind about selling though. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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