EUR/JPY forecast for the week of May 9, 2016, Technical Analysis
The EUR/JPY pair initially rallied during the course the week but turned right back around to form a shooting star. The shooting star at the bottom of the range of trading is of course a negative sign, so we break down below the bottom of this shooting star it is
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The EUR/JPY pair initially rallied during the course the week but turned right back around to form a shooting star. The shooting star at the bottom of the range of trading is of course a negative sign, so we break down below the bottom of this shooting star it is more than likely going to send this market looking for the 120 handle. However, if we break down below there we could go much lower than that. We have no interest whatsoever in buying this market, and therefore simply looking for selling opportunities.
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