The EUR/JPY pair has gone back and forth to form a very neutral candle. This was after a massive move higher and a break out above the 120 handle, so I
The EUR/JPY pair has gone back and forth to form a very neutral candle. This was after a massive move higher and a break out above the 120 handle, so I think we will more than likely see a pullback from here. I believe that the 120 level is supportive though, so a supportive candle in that area would be a nice buying opportunity. In fact, I believe that the best way to trade this market, looking for value at lower levels. After all, this is about the Japanese yen and not the Euro itself.
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.
