EUR/JPY Forecast June 22, 2016, Technical Analysis

The EUR/JPY pair initially tried to rally during the course of the session on Tuesday, but found the bearish pressure above to be far too strong for the buyers to continue going higher. With that, we ended up forming a bit of a shooting star and as a result it looks as if we are going to grind down to the 115 level. This is a market that’s very negative overall, and of course is very highly sensitive to risk appetite around the world, which of course is falling at this point in time.