The EUR/JPY pair went back and forth during the course of the session on Tuesday, but at this point in time you can see that we are essentially going
The EUR/JPY pair went back and forth during the course of the session on Tuesday, but at this point in time you can see that we are essentially going sideways. This is a market that has no real momentum in either direction for any real length of time, so unless of course you are a very short-term trader, I feel that this market is one that you should probably avoid as there is no real longer-term direction, and with that being the case it’s likely that the trading should be choppy to say the least.
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.
