EUR/JPY Forecast August 25, 2016, Technical Analysis

The EUR/JPY pair went back and forth during the course of the session on Wednesday, ultimately bouncing at the end of the day though, so at this point I believe that this market is simply going to continue to grind sideways overall. Ultimately, I feel much more comfortable shorting this market been buying it, but at this point in time I don’t really think there’s much of a trade it in this particular market. This is a market that has been very tight for a couple of weeks now, and I don’t see any change in that at this point in time.