The EUR/JPY pair fell during the course of the day on Wednesday, breaking down significantly. However, we have the 135 level below which of course should
The EUR/JPY pair fell during the course of the day on Wednesday, breaking down significantly. However, we have the 135 level below which of course should act as a bit of a floor in this market, so we are not ready to sell at this point. We would love to see some type of supportive candle with a move higher in the Euro in general. That would be a nice buying opportunity. However, we do not want to rush are trade, because it is a very illiquid time of year and of course there is a lot of fear in the marketplace right now.
EUR/JPY Forecast August 27, 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.
