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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Daily analysis of EUR/JPY for September 08, 2016

EURJPYH4.png

Overview

The EUR/JPY pair is still under the negative pressure since a negative close below 115.10 level. It is affected by a stochastic approach from the oversold areas. At the same time we notice from the above chart that the price has formed a new support base around 113.35. We are waiting until this level is reached to detect the right trend for the upcoming period. Note that getting a negative close below the mentioned support will open the way to suffer more losses in further trading, which starts at 112.30 and extends to 110.00. The expected trading range for today is between 115.10 and 113.35

The material has been provided by InstaForex Company - www.instaforex.com