EUR/JPY Forecast June 20, 2016, Technical Analysis

The EUR/JPY pair fell slightly during the course of the day on Friday as we continue to grind lower overall. We had a significant bounce during the day on Thursday, but the 115 level offering support also suggests that we will attempt that level several times and with this being the case if we can get an exhaustive candle on a short-term chart, I’m willing to sell yet again. I have no interest whatsoever in buying this market, looks as if it is very negative, and should continue to be very bearish over the longer term.