The EUR/JPY pair initially tried to rally but then turn right back around to form a bit of a shooting star. The shooting star sits on the very bottom of a
The EUR/JPY pair initially tried to rally but then turn right back around to form a bit of a shooting star. The shooting star sits on the very bottom of a downtrend, and on top of significant support. Because of this, if we can make a fresh, new low, we would be sellers as it should send this market looking for at least the 120 level, if not much lower than that. Regardless, this is going to be a very volatile market, as this market tends to react to risk appetite in general.
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.
