The EUR/JPY pair rose on Friday, breaking the top of the hammer from Thursday. This is a bullish sign, and I now believe that were going to continue to
The EUR/JPY pair rose on Friday, breaking the top of the hammer from Thursday. This is a bullish sign, and I now believe that were going to continue to consolidate the same way we have for several weeks. Because of this, on a buyer and I believe that the market will reach towards the 123.50 level above. Even if we were to break down from here, I believe that the 120 level is a floor in the market, and thereby I have no interest in selling anytime soon. It’s not that I like the Euro, it’s that the Japanese yen is so soft.
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.
