The EUR/JPY pair went back and forth during the course of the session on Tuesday, but at this point in time you can see that we are essentially going
The EUR/JPY pair went back and forth during the course of the session on Tuesday, but at this point in time you can see that we are essentially going sideways. This is a market that has no real momentum in either direction for any real length of time, so unless of course you are a very short-term trader, I feel that this market is one that you should probably avoid as there is no real longer-term direction, and with that being the case it’s likely that the trading should be choppy to say the least.
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.
