EUR/JPY Forecast October 20, 2016, Technical Analysis

The EUR/JPY pair fell significantly during the day on Wednesday as we continue to grind down to the 112 level. Short-term rallies should continue to be a nice selling opportunity, as I recognize the 160 level above continues to be the “ceiling” in this market. Ultimately, I think we sell and sell again, and I have no interest in buying this particular market, even though I anticipate that the 112 level could cause a little bit of a bounce. A break down below there of course could accelerate the downward pressure going forward. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the