The EUR/JPY pair initially tried to rally during the course of the session on Monday, but turned back around to reach towards the 132 area. With this, we
The EUR/JPY pair initially tried to rally during the course of the session on Monday, but turned back around to reach towards the 132 area. With this, we believe that the market continues to grind back and forth, and ultimately it’s probably not a market that we are interested in trading at the moment, as there is more than enough trading opportunities out there that should be easier than this one. We will watch the longer-term charts though, but in the meantime we are going to sit on the sidelines when it comes to the EUR/JPY pair.
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.
