EUR/JPY forecast for the week of August 24, 2015, Technical Analysis

EUR/JPY pair initially tried to fall during the course of the week, but as you can see struggled and turned back around to let the buyers have their way with this market. The 140 level above is resistance, and probably the target. We believe that this market is probably more suited towards short-term traders and anything else though, so having said that we are very interested in buying this pair, but not from a longer-term perspective. If we pullback from here, we would be convinced to buy at lower levels on signs of support.