EUR/JPY Forecast December 14, 2016, Technical Analysis

The EUR/JPY pair rallied slightly during the day on Tuesday, as we continue to see bullish pressure. Pullbacks at this point should be buying opportunities given enough time, as supportive candles will attract buyers again and again. I believe that the 120 level below is massively supportive, and I believe is essentially the “floor” in the market. I think that given enough time, we will continue to reach towards the 125 handle, which is my longer-term target at this point. We are bit overextended, so pullbacks should be looked at as potential value. - 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. bears no responsibility for any trading losses you might incur as a result of using any data within the