The EUR/JPY pair fell significantly during the course of the session on Tuesday, but as you can see there is the 115 level below that could be supportive.
The EUR/JPY pair fell significantly during the course of the session on Tuesday, but as you can see there is the 115 level below that could be supportive. Quite frankly, I feel that this market will bounce around below the 118 level, and above the 150 level. With this, I believe that short-term trading will go back and forth, and as a result only short-term trading will probably be able to be done at this point in time. Ultimately, this is a market that longer-term trades will be difficult to put into play at the moment.
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.
