EUR/JPY Forecast December 28, 2016, Technical Analysis

The EUR/JPY pair rallied as we came back from the Christmas holiday, and volume picked back up. There is still going to be a lack of volume of though, so having said that I am a bit hesitant to get involved with any significant amount of money currently. However, I think that given enough time we will continue to see buyers enter this market again and again, as we should reach towards the 125 level. I think that the 120 level underneath is the “hard floor” in the market at the moment.