EUR/JPY Forecast January 24, 2017, Technical Analysis

The EUR/JPY pair fell bit during the session, as we continue to see a lot of volatility in the markets. I still believe that there is a massive amount of support underneath though, so having said that I’m waiting to see a supportive candle to take advantage of. With the negativity that has been shown on Monday, it does suggest that we will probably continue to see selling today. Short-term traders may take advantage of that, but I do believe that the 120-level underneath will continue to be massively supportive going forward.