The EUR/JPY pair initially tried to rally during the course of the session on Thursday, but turned back around and form a bit of a shooting star. The
The EUR/JPY pair initially tried to rally during the course of the session on Thursday, but turned back around and form a bit of a shooting star. The shooting star of course is very likely a sign that we are going to continue to see bearish pressure. The 112 level below is massively supportive though, so a bounce as far as I would take a selling position at this point in time. If we rally, I think that given enough time we will see an exhaustive candle that we can search selling as well.
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.
