The EUR/JPY pair fell a bit during the course of the day on Monday, as we continue to see softness in this market. However, the 130 level is just below
The EUR/JPY pair fell a bit during the course of the day on Monday, as we continue to see softness in this market. However, the 130 level is just below and should be psychologically significant as far as support is concerned. With this, we have no interest in selling, but we would consider doing that if we get some type of rally to take advantage of value in the yen. Ultimately, we need to wait until we get below the 130 level in order to start selling without the bounce mentioned above.
EUR /JPY Forecast November 24, 2015, Technical Analysis
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.
