The EUR/JPY pair fell slightly during the course of the day on Monday, but there should still be a significant amount of support all the way down to the
The EUR/JPY pair fell slightly during the course of the day on Monday, but there should still be a significant amount of support all the way down to the 134 handle. Because of this, we feel that it’s probably best to just to sit on the sidelines and wait for a longer-term signal. At this point in time, and this time year, we think it doesn’t make any sense to put a lot of money into a trade at this point. Ultimately though, we feel that this pair probably goes higher due to the quantitative easing by the Bank of Japan.
EUR/JPY Forecast August 4, 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.
