The EUR/JPY pair had a slightly positive session on Thursday, but currently we seem to be consolidating. With this, we would buy pullbacks and show signs
The EUR/JPY pair had a slightly positive session on Thursday, but currently we seem to be consolidating. With this, we would buy pullbacks and show signs of support near the 135 handle, but beyond that we really don’t have much in the way of a trade waiting to happen. We think with the Nonfarm Payroll Numbers coming out during the session, there will be more interesting pairs to trade during the session today. However, if we break out above the 138 level, we feel that the market will then head towards the 140 handle.
EUR/JPY Forecast August 7, 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.
