EUR/JPY Forecast September 12, 2012, Technical Analysis

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The EUR/JPY pair had a fairly neutral session as it hovers around the 100 handle on Tuesday. The market looks fairly benign at this point time, which is odd considering the Euro did so well against almost everything else. This suggests that there is Japanese yen strength as opposed to any type of failure on the count of the Euro. With this in mind, it makes more sense to avoid this market than get involved as there are so many other ways to play the Euro right now. Of particular interest is against the US dollar, which seems to be taking a beating from all directions.

EUR/JPY Forecast September 12, 2012, Technical Analysis

EUR/JPY Forecast September 12, 2012, Technical Analysis

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About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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110.00 All the way.
Choppy it will be indeed, but not for long. It seems like the market will like to take a breather before the rise to 103-105 level