EUR/JPY Forecast December 5, 2016, Technical Analysis

The EUR/JPY pair has gone back and forth to form a very neutral candle. This was after a massive move higher and a break out above the 120 handle, so I think we will more than likely see a pullback from here. I believe that the 120 level is supportive though, so a supportive candle in that area would be a nice buying opportunity. In fact, I believe that the best way to trade this market, looking for value at lower levels. After all, this is about the Japanese yen and not the Euro itself. - 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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