The EUR/JPY pair initially rallied during the course the week but turned right back around to form a shooting star. The shooting star at the bottom of the
The EUR/JPY pair initially rallied during the course the week but turned right back around to form a shooting star. The shooting star at the bottom of the range of trading is of course a negative sign, so we break down below the bottom of this shooting star it is more than likely going to send this market looking for the 120 handle. However, if we break down below there we could go much lower than that. We have no interest whatsoever in buying this market, and therefore simply looking for selling opportunities.
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.
