The EUR/JPY pair broke higher during the course of the day on Tuesday, clearing the 138 level at one point. This is of course a very positive sign, and
The EUR/JPY pair broke higher during the course of the day on Tuesday, clearing the 138 level at one point. This is of course a very positive sign, and now we feel that the market is probably going to try to reach towards the 140 handle. We are buyers of short-term pullbacks and show signs of support, and of course buyers of the market going higher than the range for the session on Tuesday. We have no interest in selling this market anymore as we feel that the Euro is starting to strengthen a bit in general.
EUR/JPY Forecast August 12, 2015, Technical Analysis
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.
