EUR/JPY Forecast February 19, 2016, Technical Analysis

The EUR/JPY pair fell significantly during the course of the session on Thursday, testing the 126 handle. By doing so, it looks as if the market is probably going to drop down to the 125 handle. This is a market that looks very soft at the moment, so short-term rallies should be selling opportunities as well. Ultimately, we will look for signs of exhaustion in order to short this market again and again, but do not expect huge moves anytime soon as it looks like we are very well can just and there should be a lot of noise just below.