The EUR/JPY pair went back and forth during the course of the session on Thursday, ultimately settling on a supportive looking neutral candle. With this,
The EUR/JPY pair went back and forth during the course of the session on Thursday, ultimately settling on a supportive looking neutral candle. With this, if we can break above the top of the range for the session, we feel that this market will then reach higher, probably aiming for the 140 level which of course is a large, round, psychologically significant number. With this, we are bullish but also recognize that we do not have the signal quite yet. Once we break a little bit higher, we will start putting money to work to the upside.
EUR/JPY Forecast August 14, 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.
