EUR/JPY Forecast November 18, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the day on Thursday but failed to continue to go higher as we turned around and formed a bit of a shooting star. The 116 level below is massively supportive though, so at this point I don’t think that the market can be shorted even though it does look like we are a bit overbought. Ultimately, I feel that the market continues to go higher over the longer term, but at this point I don’t think we are ready to do it yet due to the volatility. - 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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