EUR/JPY forecast for the week of January 23, 2017, Technical Analysis
The EUR/JPY pair initially had a negative week, but found enough support above the 120 level to turn things around to form a positive candle. It looks as if we are trying to go higher, and therefore I believe in the “buy-and-hold” approach. I think that the 120 level will
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The EUR/JPY pair initially had a negative week, but found enough support above the 120 level to turn things around to form a positive candle. It looks as if we are trying to go higher, and therefore I believe in the “buy-and-hold” approach. I think that the 120 level will continue to be massive support and essentially serve as a “floor” in this market. With this being the case, I have no interest in selling this market and believe that we are going to attempt to reach the 125 handle above.
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