The EUR/JPY pair fell during Thursday, testing the 123 handle. The market looks like it is trying to break down, but at this point in time there is a lot
The EUR/JPY pair fell during Thursday, testing the 123 handle. The market looks like it is trying to break down, but at this point in time there is a lot in the way of support. Because of this, I feel that this market is probably best left alone, so the market will have to give us a longer-term signal in order to get involved. The market will be monitored by us, and we will of course keep you informed on our thoughts about this pair. Keep in mind that the pair tends to follow stock markets and risk appetite in general.
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.
