EUR/JPY Forecast November 30, 2016, Technical Analysis

The EUR/JPY pair rallied at the beginning of the session on Tuesday and slammed into the 120 handle. This is an area that of course is resistive, and if we can break above the top of that level market should continue to go much higher. I believe that it’s only a matter of time before buyers return on short-term pullbacks. I think that there is more than enough support below to continue to push this market higher. Ultimately, this is a market that should continue to see bullish momentum, but I would like to see a little bit more in the way of momentum building before you get involved.

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