EUR/JPY Forecast August 17, 2015, Technical Analysis
The EUR/JPY pair fell hard during the course of the day on Friday, breaking down below the bottom of the hammer from Thursday. Because of this, looks at we will get a little bit of a pullback, but quite frankly we feel that there is more than enough support below to have this market going higher. Because of this, we are simply waiting for supportive candle in order to start buying as the market should then head to the 140 handle. With this, we are buyers and not sellers but need to see signs of support first.