EUR/JPY Forecast December 6, 2016, Technical Analysis

The EUR/JPY pair gapped lower at the open on Monday but then turned completely around to form a massively bullish candle. Because of this, looks as if this market is going to continue the uptrend that we have seen for some time, and buying is the only thing you can do. It’s obvious that the 120 level should be supportive going forward, and because of this I think that pullbacks are going to continue to offer value that you can take advantage of even though I don’t like the Euro itself. This pair is all about the Japanese yen.