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EUR/JPY Forecast October 25, 2016, Technical Analysis

By:
Christopher Lewis
Published: Oct 25, 2016, 04:29 UTC

The EUR/JPY pair initially fell during the day on Monday but turned around to show signs of strength. As we are close to the bottom of the consolidation

EUR/JPY daily chart, October 25, 2016

The EUR/JPY pair initially fell during the day on Monday but turned around to show signs of strength. As we are close to the bottom of the consolidation area that the market has been bouncing around, this is not a huge surprise. With this, a break above the top the candle could cause a bit of a grind to the upside, but at this point in time I find this as a difficult market to deal with unless you are willing to deal with quite a bit of volatility. With this, I’m not bothered.

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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