EUR/JPY Forecast October 24, 2016, Technical Analysis

The EUR/JPY pair fell during the course of the day on Friday, reaching down towards the 112.50 level. We did bounce a little bit before the close, but at this point in time it looks as if the markets will reach towards the 112 level. With this, it’s only a matter of time before we bounce, and I’m waiting to see whether or not we get the right supportive candle. If we break down below the 112 level, the market should then go down to the 110 handle. I believe that we will continue to go back and forth overall. - 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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