EUR/JPY Forecast November 17, 2016, Technical Analysis

The EUR/JPY pair initially rallied on Wednesday, but turned around to form a negative candle. I still think that the 160 level is going to be important, so if we can find some type of supportive candle at that area, it is very likely that the market should continue to go higher based upon the recent breakout. Alternately, if we can break above the top of the candle during the session on Wednesday, that is reason to go long as well. I have no interest in shorting this market as the breakout was significant. - 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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