The EUR/JPY pair broke higher during the course of the session on Wednesday, bouncing off of the 137 handle. We believe that this market should then reach
The EUR/JPY pair broke higher during the course of the session on Wednesday, bouncing off of the 137 handle. We believe that this market should then reach towards the 140 handle given enough time. This of course has been a significant resistance and support both previously. With that, we feel that the market should continue to go higher, but also recognize that there is quite a bit of volatility between here and there. We have no interest whatsoever in selling at this point in time, as the market should continue to show quite a bit of support below.
EUR/JPY Forecast August 20, 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.
