The EUR/JPY pair gapped from the weekend opening, after the Japanese election results came out. The Monday candle then fell in order to retest the 110
The EUR/JPY pair gapped from the weekend opening, after the Japanese election results came out. The Monday candle then fell in order to retest the 110 handle, and now looks ready to try and move higher. The hammer that has form for the session has filled the gap, and looks ready to test the 115 level going forward. On a break of the highs from the Monday session, we feel that this market will continue much higher, and then a significant break out is occurring before our very eyes. As for selling, we have absolutely no interest in doing so at the moment.
EUR/JPY Forecast December 18, 2012, 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.
