The EUR/JPY pair initially tried to rally during the course of the session on Tuesday, but found more than enough resistance above to turn things back
The EUR/JPY pair initially tried to rally during the course of the session on Tuesday, but found more than enough resistance above to turn things back around and form a shooting star. Because of this, we feel that the market will probably head towards the 135 handle and possibly even lower to the 134 handle. Nonetheless, we don’t really want to be bothered shorting this market, it is far too choppy and we are basically in the middle of the range at the moment. We will continue to observe this pair of course.
EUR/JPY Forecast August 5, 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.
