EUR/JPY Forecast December 7, 2016, got technical Analysis

The EUR/JPY pair initially rallied on Tuesday but turned around to form a shooting star. I believe that the market is a bit overdone, and because of this we need to find buyers below to turn things back around and continue the uptrend. I think that the 120 level is essentially the “floor” in this market, so if we can pull back and find buyers in that area, I would be quick to go long. I have no interest in shorting, because I recognize that the Japanese yen itself is massively negative. - 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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