The EUR/JPY pair had a negative week, crashing through the 138 handle. We found some support at the 137 level though, and as a result it’s very likely
The EUR/JPY pair had a negative week, crashing through the 138 handle. We found some support at the 137 level though, and as a result it’s very likely that the market will bounce from here. However, we do not have a candle that suggests it’s time to buy yet, so we are staying on the sidelines. We believe that there is a significant amount of support all the way down to the 135 handle, so at this point time we have no interest in selling going forward in this pair.
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.
