EUR/JPY Forecast August 21, 2015, Technical Analysis

The EUR/JPY pair tried to break higher during the course of the day on Thursday, but struggled at the 138.50 region. Ultimately though, we think the pullbacks are buying opportunities and that we should then head towards the 140 handle given enough time. We have no interest whatsoever in selling, because quite frankly the breakout and retest of the 137 level that we have recently done is of course a very bullish sign. We are not looking for some type of massive move higher, just that we should continue to grind a little bit to the upside.