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EUR/JPY Forecast August 3, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Aug 1, 2015, 05:18 UTC

The EUR/JPY pair initially tried to rally during the course of the session on Friday, but turned back around to form a massive shooting star. Fact, this

EUR/JPY Forecast August 3, 2015, Technical Analysis

The EUR/JPY pair initially tried to rally during the course of the session on Friday, but turned back around to form a massive shooting star. Fact, this is indicative of how the Euro performed all-around the markets during the session. We believe that this market is going to continue to go lower, and on a break down below the bottom of the range for the session on Friday would have us shorting this market, heading down towards the 134 level given enough time. Regardless though, we would anticipate that there is a lot of volatility.


 

EUR/JPY Forecast August 3, 2015, Technical Analysis
EUR/JPY Forecast August 3, 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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