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EUR/JPY forecast for the week of April 11, 2016, Technical Analysis

By:
Christopher Lewis
Published: Apr 9, 2016, 05:58 UTC

The EUR/JPY pair had a very negative week, and as a result we broke down below the 125 handle. Ultimately, we reached down to the 123 level, and as a

EUR/JPY forecast for the week of April 11, 2016, Technical Analysis

The EUR/JPY pair had a very negative week, and as a result we broke down below the 125 handle. Ultimately, we reached down to the 123 level, and as a result it looks as if the market is trying to break down below the most recent lows again. If that’s the case, the market should then go down to the 120 handle as far as we can tell. We have no interest whatsoever in trying to buy this market yet, we do not have the right supportive candle 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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