EUR/JPY Forecast May 6, 2016, Technical Analysis

The EUR/JPY pair fell during the course of the day on Thursday, reaching towards the 122 handle again. This is a market that seems to have continued volatility as a main stable of this market. Eventually though, it appears that the market will break down and perhaps reach towards the 120 handle. Rallies at this point in time the show signs of exhaustion should be selling opportunities as well, so we will look to them as trading opportunities also. We don’t really have any interest in buying this market at the moment.