EUR/JPY Forecast October 26, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the course of the session on Tuesday, but turned right back around to form a fairly exhaustive looking candle. With this, I believe that a break down below the bottom of the range for Tuesday is reason enough to start selling again. There are quite a few different resistance barriers above, so at this point in time even if we break above the top of the shooting star is something that I’m a little bit leery of, and as a result I have no interest whatsoever in going long at the moment. - 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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