The EUR/JPY pair fell significantly during the course of the session on Tuesday, but as you can see there is the 115 level below that could be supportive.
The EUR/JPY pair fell significantly during the course of the session on Tuesday, but as you can see there is the 115 level below that could be supportive. Quite frankly, I feel that this market will bounce around below the 118 level, and above the 150 level. With this, I believe that short-term trading will go back and forth, and as a result only short-term trading will probably be able to be done at this point in time. Ultimately, this is a market that longer-term trades will be difficult to put into play at the moment.
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.
