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EUR/JPY Forecast August 25, 2016, Technical Analysis

By:
Christopher Lewis
Published: Aug 25, 2016, 04:10 UTC

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

EUR/JPY daily chart, August 25, 2016

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.

About the Author

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.

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