EUR/JPY Forecast March 2, 2016, Technical Analysis

The EUR/JPY pair rose during the course of the day on Tuesday, reaching towards the 124 handle. This is a market that tends to be very sensitive to risk appetite, so as long as stock markets keep going higher, this pair should as well. The 125 level above could offer quite a bit of resistance though so we are cognizant of the fact that you should probably be fairly quick to take profits. However, we can break above the 1.5 .50 level, at that point in time we are more than willing to continue going long.

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