The EUR/JPY pair initially fell during the day on Thursday, but turn right back around to form a bit of a hammer. That hammer of course is a very
The EUR/JPY pair initially fell during the day on Thursday, but turn right back around to form a bit of a hammer. That hammer of course is a very supportive sign, but there is quite a bit of noise just above, and as a result we are simply sitting on the sidelines as we have no real clear direction at this point. We will continue to monitor the EUR/JPY pair here at FX Empire, and of course will keep you abreast of any changes in the situation that we see going forward.
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.
