EUR/JPY Forecast November 15, 2016, Technical Analysis

The EUR/JPY pair continues to try to break above the 116 handle, but also continues to run into massive amounts of resistance. Because of this, I need to see a “higher high” in order to go long again. Once we do, I feel that the market will probably reach towards the 118 handle. One of the biggest problems in this pair is that the Euro is falling apart against the United States dollar. This puts bearish pressure on the Euro in general, so while the rest of the currency markets seem to be showing strength against the Japanese yen, the Euro just sits here.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com