The EUR/JPY pair had a slightly positive week, but most importantly we stabilized after the precipitous fall. While I don’t necessarily think that this
The EUR/JPY pair had a slightly positive week, but most importantly we stabilized after the precipitous fall. While I don’t necessarily think that this market is going to take off to the upside now, I would not be surprise at all to see a little bit of a bounce in the short-term. I think that’s going to end up being a selling opportunity ultimately, but I think that at this point in time it’s difficult to take a trade for any real length of time, and I believe that the short-term charts will be the way to go.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
