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EUR/JPY Forecast September 30, 2016, Technical Analysis

By:
Christopher Lewis
Published: Sep 30, 2016, 04:32 UTC

The EUR/JPY pair broke higher during the course of the session on Thursday, and rallied quite stringently. I believe at this point in time though, there

EUR/JPY daily chart, September 30, 2016

The EUR/JPY pair broke higher during the course of the session on Thursday, and rallied quite stringently. I believe at this point in time though, there is going to be resistance above that will affect this market. The 115 level above will be an area where a lot of traders will be interested in, so between here and there, but we get an exhaustive candle I am more than willing to sell at that point in time. I do recognize however that there is going to be a certain amount of bullish pressure going forward, so short-term traders may be able to go either direction.

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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