EUR/JPY Forecast October 19, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the course of the day on Tuesday, but turned around to form a slightly negative candle. I see quite a bit of support at the 114 level below though, so I think that breaking down from here might be a little bit of a struggle. If we can break above the top of the shooting star, that would be a very bullish sign and it would be much more comfortable buying that. With this, I will probably simply stand on the sidelines as there will be easier markets to trade. - 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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