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EUR/JPY Forecast August 14, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Aug 14, 2015, 05:06 UTC

The EUR/JPY pair went back and forth during the course of the session on Thursday, ultimately settling on a supportive looking neutral candle. With this,

EUR/JPY Forecast August 14, 2015, Technical Analysis

The EUR/JPY pair went back and forth during the course of the session on Thursday, ultimately settling on a supportive looking neutral candle. With this, if we can break above the top of the range for the session, we feel that this market will then reach higher, probably aiming for the 140 level which of course is a large, round, psychologically significant number. With this, we are bullish but also recognize that we do not have the signal quite yet. Once we break a little bit higher, we will start putting money to work to the upside.


 

EUR/JPY Forecast August 14, 2015, Technical Analysis
EUR/JPY Forecast August 14, 2015, Technical Analysis

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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