EUR/JPY Forecast June 15, 2016, Technical Analysis

EUR/JPY pair fell slightly during the course of the session on Tuesday, as we continue to make fresh new lows. We broke the bottom of a hammer from the previous session, and that of course is a very negative sign. It appears that the pair has broken through all support, and now we should start reaching towards the 115 level. With all of the concerns about the United Kingdom leaving the European Union, it makes sense that people prefer to own the yen. With this, I believe that short-term rallies will continue to offer selling opportunities in this marketplace.