The EUR/JPY pair rose during the day on Wednesday, as we continue to see quite a bit of buying pressure. However, the 125 level below is massively
The EUR/JPY pair rose during the day on Wednesday, as we continue to see quite a bit of buying pressure. However, the 125 level below is massively supportive, and with that being the case, it’s very likely that this market will continue to find buyers, even on dips. Ultimately, this is a market that should continue to go higher but it is going to show bits of volatility from time to time, see you will have to be aware of this as it will make for a difficult move to hang onto, but at this point in time there’s no reason to sell.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
