The EUR/JPY pair initially rallied during the course of the week, but turned back around to form a shooting star. With that being the case, the market
The EUR/JPY pair initially rallied during the course of the week, but turned back around to form a shooting star. With that being the case, the market looks as if we will continue to grind back and forth, so quite frankly longer-term traders don’t have any business trading this pair as there isn’t going to be enough in the way of room for those traders to make any significant amount of money. With that, we are standing on the sidelines and waiting to see whether or not the market makes a significant move.
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.
