EUR/JPY Forecast November 11, 2016, Technical Analysis

The EUR/JPY pair initially tried to pull back during the day on Thursday, but as you can see we broke above the 116 level later in the day. I think that we are eventually going to try to break out to the upside, but it could cause quite a bit of volatility in the meantime. I think that there is a lot of noise all the way to the 118 handle, so that’s my target at the moment, But I also recognize that is going to be difficult. Pullbacks should continue to find plenty of support in my estimation. - 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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