EUR/JPY Forecast October 27, 2016, Technical Analysis

The EUR/JPY pair rallied during the course of the day on Wednesday, breaking above the top of the shooting star from the Tuesday session. I believe that sooner or later the sellers will return, but if we can break above the top of the range for the Wednesday session, we could continue to grind towards the 115.50 level above. I would not be interested in holding onto the trade much longer than that though, because we have seen so much in the way of resistance of the 116 handle. Expect choppy conditions. - 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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