The EUR/JPY pair broke higher during the course of the session on Monday, slamming into the 137.50 level. With this, the market is testing significant
The EUR/JPY pair broke higher during the course of the session on Monday, slamming into the 137.50 level. With this, the market is testing significant resistance, as the barrier extends all the way to the 138 handle. Above there, we would be buyers but in general we feel the market still has work to do. With this, we are on the sidelines and simply trying to trade both of these currencies against other ones, in places where it would be much easier to deal with as the volatility should continue to be extreme.
EUR/JPY Forecast August 11, 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.
