The EUR/JPY pair initially tried to rally during the course of the week but found enough resistance above the 115 level in order to find sellers. We ended
The EUR/JPY pair initially tried to rally during the course of the week but found enough resistance above the 115 level in order to find sellers. We ended up turning things back around to form a relatively negative candle, and as a result of the query we continue to grind back and forth. If we do break down below the 114 level though, I feel that the market will reach down towards the 111 level. At this point, I believe that it is probably going to be easier to trade this market on short-term charts.
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.
