EUR/JPY Forecast October 17, 2016, Technical Analysis

The EUR/JPY pair went back and forth during the course of the session on Friday, forming a fairly neutral candle. Ultimately though, this is a market that I think is far too volatile to be one that you put a lot of money into. With this, I believe that the markets should continue to be extraordinarily choppy, so with that being the case it’s difficult to get excited about this market. I will sit on the sidelines at the moment, and we for some type of impulsive candle to get involved in this pair.