The EUR/JPY pair fell a bit during the course of the day on Monday, as we continue to see softness in this market. However, the 130 level is just below
The EUR/JPY pair fell a bit during the course of the day on Monday, as we continue to see softness in this market. However, the 130 level is just below and should be psychologically significant as far as support is concerned. With this, we have no interest in selling, but we would consider doing that if we get some type of rally to take advantage of value in the yen. Ultimately, we need to wait until we get below the 130 level in order to start selling without the bounce mentioned above.
EUR /JPY Forecast November 24, 2015, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
