The EUR/JPY pair went back and forth during the course of the day on Tuesday, as we continue to hover above the 122 handle. At this point, there isn’t
The EUR/JPY pair went back and forth during the course of the day on Tuesday, as we continue to hover above the 122 handle. At this point, there isn’t much of a trade in this market, so we are simply sitting on the sidelines and there will be easier ways to make money in the market. Rallies that show signs of exhaustion could be selling opportunities though, so keep that in mind as this market should continue to show bearish pressure over the longer term. At this point though, it is probably easier to simply step away.
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.
