The EUR/JPY pair went back and forth during the day on Thursday, as we continue to simply go sideways overall. I believe that eventually we get sellers
The EUR/JPY pair went back and forth during the day on Thursday, as we continue to simply go sideways overall. I believe that eventually we get sellers into the market, but at this point in time we will more than likely see quite a bit of apathy as there is a severe lack of volume in the market right now. I believe that the 135 level above is essentially the beginning of the “ceiling”, and therefore any rally at this point time could be a nice selling opportunity based upon exhaustion. I have no interest in buying.
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.
