EUR/JPY Forecast February 25, 2016, Technical Analysis

The EUR/JPY pair went back and forth during the day, after initially making a lower low. That being the case, looks as if we are trying to find support here, so we could get a bit of a bounce. That bounce could be a nice selling opportunity on signs of exhaustion though, and we believe that the 125 level should be massively resistive. We have no interest whatsoever in buying this market, as it is obviously in a downtrend. We would rather see the exhaustion after the bounce, or a break down below the bottom of the range for the day.

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