The EUR/JPY pair fell a bit during the course the day on Friday as we continue to grind sideways. Quite frankly, there’s a significant amount of support
The EUR/JPY pair fell a bit during the course the day on Friday as we continue to grind sideways. Quite frankly, there’s a significant amount of support below so it’s not until we break down to a fresh, new low that we are willing to start selling again. The other scenario in which we would start selling though could be is if we rally and then turn right back around and show a fairly exhaustive candle above. We have no interest in buying at the moment as this pair certainly looks bearish.
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.
