EUR/JPY Forecast October 21, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the course of the session on Thursday, but turned back around and form a bit of a shooting star. The shooting star of course is very likely a sign that we are going to continue to see bearish pressure. The 112 level below is massively supportive though, so a bounce as far as I would take a selling position at this point in time. If we rally, I think that given enough time we will see an exhaustive candle that we can search selling as well. - 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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