Markets

EUR/JPY (Euro to Japanese Yen) Forecast

121.05
09:58:59(GMT)
-0.3870
(-0.32%)*Daily Change
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Christopher Lewis
yesterday

EUR/JPY forecast for the week of December 5, 2016, Technical Analysis

The EUR/JPY pair initially fell during the week but then broke higher and above the 120 handle. Ultimately, this is a market that continues to be bullish, but I think we are getting a little bit overheated at this point. The pullback is necessary, and could offer enough support underneath to send this market higher. … Continue reading EUR/JPY forecast for the week of December 5, 2016, Technical Analysis

Christopher Lewis
yesterday

EUR/JPY Forecast December 6, 2016, Technical Analysis

The EUR/JPY pair has gone back and forth to form a very neutral candle. This was after a massive move higher and a break out above the 120 handle, so I think we will more than likely see a pullback from here. I believe that the 120 level is supportive though, so a supportive candle … Continue reading EUR/JPY Forecast December 6, 2016, Technical Analysis

Christopher Lewis
2 days ago

EUR/JPY Forecast December 2, 2016, Technical Analysis

The EUR/JPY pair fell on Thursday, but turned around to form a hammer. The hammer is a bullish sign, especially considering it is at the top of a very strong move higher. However, we could get a bit of a pullback in I would quite frankly like to see that. The 120 level below is … Continue reading EUR/JPY Forecast December 2, 2016, Technical Analysis

Christopher Lewis
3 days ago

EUR/JPY Forecast December 1, 2016, Technical Analysis

The EUR/JPY pair broke higher during the course of the session on Wednesday, finally overcoming the 120 handle. This is a bullish sign, as the Japanese yen continues to be sold off against most currencies. Ultimately, I believe that we continue to retire but a pullback is probably which are going to need in order … Continue reading EUR/JPY Forecast December 1, 2016, Technical Analysis

Christopher Lewis
4 days ago

EUR/JPY Forecast November 30, 2016, Technical Analysis

The EUR/JPY pair rallied at the beginning of the session on Tuesday and slammed into the 120 handle. This is an area that of course is resistive, and if we can break above the top of that level market should continue to go much higher. I believe that it’s only a matter of time before … Continue reading EUR/JPY Forecast November 30, 2016, Technical Analysis

Christopher Lewis
5 days ago

EUR/JPY Forecast November 29, 2016, Technical Analysis

The EUR/JPY pair fell significantly during the day on Monday, as we tested the 119 level. I think the market has plenty of support below though, so having said that I think that it’s only matter time before buyers get involved and for some type of supportive candle to form. Once that happens, I’m comfortable … Continue reading EUR/JPY Forecast November 29, 2016, Technical Analysis

Christopher Lewis
8 days ago

EUR/JPY forecast for the week of November 28, 2016, Technical Analysis

The EUR/JPY pair rallied during the course of the we, testing the 120 level for resistance. This is an area that is resistive, but I think given enough time we will break above there. A pullback that show signs of support would be a buying opportunity, and could change the trend completely. The Japanese yen … Continue reading EUR/JPY forecast for the week of November 28, 2016, Technical Analysis

Christopher Lewis
8 days ago

EUR/JPY Forecast November 28, 2016, Technical Analysis

The EUR/JPY pair initially rallied on Friday, but turned around as the 120 level offered quite a bit of resistance. By forming a shooting star, I think we are getting a pullback soon. This is a great sign for this market though, because quite frankly there is quite a bit of buying pressure underneath just … Continue reading EUR/JPY Forecast November 28, 2016, Technical Analysis

Christopher Lewis
9 days ago

EUR/JPY Forecast November 25, 2016, Technical Analysis

The EUR/JPY pair broke higher during the day on Thursday, reaching towards the 120 handle. We have most certainly broken out at this point, and it now looks as if pullbacks will continue to be buying opportunities as this market will continue to trend fairly strongly towards the upside. I believe that longer-term, the pair … Continue reading EUR/JPY Forecast November 25, 2016, Technical Analysis

Christopher Lewis
10 days ago

EUR/JPY Forecast November 24, 2016, Technical Analysis

The EUR/JPY pair initially fell on Wednesday but found enough support just below to turn things around as the 118 level now looks to be somewhat supportive. This is a market that of course is a little bit extended so I would anticipate that we should get some type of pull back soon. With this, … Continue reading EUR/JPY Forecast November 24, 2016, Technical Analysis

Christopher Lewis
11 days ago

EUR/JPY Forecast November 23, 2016, Technical Analysis

The EUR/JPY pair fell initially on Tuesday but turned around to form a hammer. The Japanese yen continues to sell off against most currencies around the world, and this of course is going to transfer over into this market. Although I don’t like the Euro, the Japanese yen is even softer so it makes sense … Continue reading EUR/JPY Forecast November 23, 2016, Technical Analysis

Christopher Lewis
12 days ago

EUR/JPY Forecast November 22, 2016, Technical Analysis

The Euro rallied against the Japanese yen during the day on Monday, but continues to struggle at the 118 handle. At this point, it’s always impossible to imagine selling this market so I look at any pullback as potential value. Because of this, I am waiting to see whether or not we get opportunities closer … Continue reading EUR/JPY Forecast November 22, 2016, Technical Analysis

Christopher Lewis
15 days ago

EUR/JPY forecast for the week of November 21, 2016, Technical Analysis

The Euro broke higher during the course of the week, breaking above the 160 handle. In fact, Friday sell this market reaching towards the 170 level and it now looks as if we are trying to break towards the 118 handle. At this point, you have to think that the market is trying to break … Continue reading EUR/JPY forecast for the week of November 21, 2016, Technical Analysis

Christopher Lewis
15 days ago

EUR/JPY Forecast November 21, 2016, Technical Analysis

The EUR/JPY pair went back and forth on Friday as the volatility continues. The 170 level seems to be attractive to the market, and as a result it doesn’t surprise me that we go sideways from here. However, if we pullback I think there’s plenty of support at the 116 level underneath that could cause … Continue reading EUR/JPY Forecast November 21, 2016, Technical Analysis

Christopher Lewis
16 days ago

EUR/JPY Forecast November 18, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the day on Thursday but failed to continue to go higher as we turned around and formed a bit of a shooting star. The 116 level below is massively supportive though, so at this point I don’t think that the market can be shorted even though it … Continue reading EUR/JPY Forecast November 18, 2016, Technical Analysis

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