The EUR/JPY pair went back and forth during the course of the session on Monday, essentially settling nothing. We continue to hang about the 132 level, so
The EUR/JPY pair went back and forth during the course of the session on Monday, essentially settling nothing. We continue to hang about the 132 level, so we feel it’s only a matter time before we have to make a decision. Quite frankly, we are not necessarily interested in trading this market until we get some type of impulsive candle, so at this point in time we are simply hanging on the sidelines as there is no clear indication of where we are going in the short-term. Once we do get an impulsive candle though, we at FX Empire will certainly let you know what we are doing.
EUR/JPY Forecast December 29, 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.
