The EUR/JPY pair fell hard during the course of the day on Tuesday, regaining a lot of the losses that we had on Monday. However, we are just now getting
The EUR/JPY pair fell hard during the course of the day on Tuesday, regaining a lot of the losses that we had on Monday. However, we are just now getting to the point where were starting to see a significant amount support, so quite frankly we feel that a supportive candle in this area is probably looking for buyers to step in and with this market. The 135 level should of course be the “floor” at this point in time. With this, the market is probably best avoided in the short-term, but we should eventually see a buying opportunity.
EUR/JPY Forecast August 26, 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.
