The EUR/JPY pair had a very negative week, and as a result we broke down below the 125 handle. Ultimately, we reached down to the 123 level, and as a
The EUR/JPY pair had a very negative week, and as a result we broke down below the 125 handle. Ultimately, we reached down to the 123 level, and as a result it looks as if the market is trying to break down below the most recent lows again. If that’s the case, the market should then go down to the 120 handle as far as we can tell. We have no interest whatsoever in trying to buy this market yet, we do not have the right supportive candle at this point in time.
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.
