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
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.
