EUR/JPY Forecast September 13, 2016, Technical Analysis

The EUR/JPY pair fell on Monday, as the markets in general favored Yen buying as a safety measure. The market has a lot of support below, extending all the way down to the 113.50 level, possibly even lower than that. I think that there will be a supportive candle given enough time, and that should be a decent buying opportunity. A break towards the 117 level would more than likely be the course, but it will be volatile as well, and of course there are always going to be concerns about the European Union.

Economic Calendar