EUR/JPY Forecast September 17, 2012, Technical Analysis

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By FX Empire Analyst - Christopher Lewis
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The EUR/JPY pair shot straight up on Friday after triggering the buy orders from the hammer formed on Thursday. The 100 level is in the rearview mirrors at this point in time, and as such we think that this pair will continue to rise over time. Obviously, with the long green candle from the Friday session, a pullback could be expected. We will use those pullbacks in order to buy this pair as we think we will eventually see the 105 handle, if not the 110 handle. As for selling this currency pair, we will not do it until we get below the 98 handle.

 

EUR/JPY Forecast September 17, 2012, Technical Analysis

EUR/JPY Forecast September 17, 2012, Technical Analysis

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