The EUR/JPY pair initially tried to rally during the course of the day on Tuesday, but turned around to form a slightly negative candle. I see quite a bit
The EUR/JPY pair initially tried to rally during the course of the day on Tuesday, but turned around to form a slightly negative candle. I see quite a bit of support at the 114 level below though, so I think that breaking down from here might be a little bit of a struggle. If we can break above the top of the shooting star, that would be a very bullish sign and it would be much more comfortable buying that. With this, I will probably simply stand on the sidelines as there will be easier markets to trade.
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.
