EUR/JPY Forecast June 23, 2016, Technical Analysis

The EUR/JPY pair initially rallied during the day on Wednesday, but pulled back slightly before the date closed. Quite frankly, with the EU referendum vote coming out of the United Kingdom today, headlines will continue to push the market back and forth. This of course will have a great influence on the Euro, so it’s likely that this pair will continue to see selling back and forth as the market could drop a little bit as we await the final verdict. We won’t get that until tomorrow, so expect choppy conditions but it won’t take much to scare the market.