The EUR/JPY pair initially tried to rally during the course of the week, but found enough resistance of the 133 level to turn things back around and start
The EUR/JPY pair initially tried to rally during the course of the week, but found enough resistance of the 133 level to turn things back around and start falling again. We did up forming a shooting star, at the bottom of the down move. With this, we are now pressing the 130 level for support, and we believe that a break down below there is in fact the reason to start selling. We have no interest in buying, this market looks far too exhausted at the moment to continue any type of uptrend.
EUR/JPY forecast for the week of November 23, 2015, Technical Analysis
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.
