The EUR/JPY pair fell during the session on Friday but found support at the 111 handle. This market continues to be bullish in our opinion, and the fact
The EUR/JPY pair fell during the session on Friday but found support at the 111 handle. This market continues to be bullish in our opinion, and the fact that we are still above the 110 level does suggest that we still have an upward bias. Looking at this chart, we think that any pullback to the 110 handle should be met with support, and as such will be a buy signal. We’ve had a pretty significant move higher, and the simply looks like the market is taking a bit of a rest before going farther to the upside. With that in mind, we certainly wouldn’t sell, and are buying supportive a time we see it.
EUR/JPY Forecast December 24, 2012, 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.
