EUR/JPY Forecast August 3, 2012, Technical Analysis

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By FX Empire Analyst - Christopher Lewis
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The EUR/JPY pair fell drastically after initially gaining during the Thursday session once the ECB made it clear he wasn't prepared to do anything right away. This was a major disappointment for the markets that have come to learn that central banks can be the savior of all, and as such the risk appetite for traders around the world collapsed.

The market looks like it's ready to head back down to the lows of the 94 handle, and possibly even lower. With the nonfarm payrolls number coming out later today, it is hard to tell what will happen, so this market might be best left alone in till the end of the trading session.

 

EUR/JPY Forecast August 3, 2012, Technical Analysis

EUR/JPY Forecast August 3, 2012, Technical Analysis

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