EUR/JPY Forecast December 19, 2016, Technical Analysis

The EUR/JPY pair had a slightly negative session on Friday as it looks likely to pull back from here. I think there is more than enough support below to keep this market going higher though, so I’m looking for a pullback as a potential value play. I have no interest in shorting this market, not necessarily because I like the Euro, but mainly because the Japanese yen is being sold over the world hand over fist at this point. I think the 120 level is essentially the “floor” in this market, just as I believe we are trying to reach the 125 level to the upside.

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