The EUR/JPY pair went back and forth during the course of the day on Tuesday, as we continue to hover above the 122 handle. At this point, there isn’t
The EUR/JPY pair went back and forth during the course of the day on Tuesday, as we continue to hover above the 122 handle. At this point, there isn’t much of a trade in this market, so we are simply sitting on the sidelines and there will be easier ways to make money in the market. Rallies that show signs of exhaustion could be selling opportunities though, so keep that in mind as this market should continue to show bearish pressure over the longer term. At this point though, it is probably easier to simply step away.
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.
