The EUR/JPY pair fell during the course of the week, testing the 122 region. There is quite a bit of support below though, so we need to make a fresh, new
The EUR/JPY pair fell during the course of the week, testing the 122 region. There is quite a bit of support below though, so we need to make a fresh, new low in order to start selling from a longer-term perspective. A pullback from here could very well have quite a bit of resistance appear, so this we rally and get an exhaustive candle, we would be more than willing to sell their as well. It will more than likely be a shorter-term type of trading environment though, so weekly chart may not be that particular useful.
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.
