The EUR/JPY pair initially tried to rally during the day on Tuesday, but turned back around to fall and test the bottom is again. Because of this, it
The EUR/JPY pair initially tried to rally during the day on Tuesday, but turned back around to fall and test the bottom is again. Because of this, it looks like this market may eventually break down, but at this point in time we are not interested in being involved until we make a fresh, new low. We have no interest in buying, that’s for sure as there is more than enough selling pressure to keep us away from doing that. Rallies that show signs of exhaustion could be selling opportunities though, so we will have to keep an eye on any potential opportunities above.
EUR/JPY Forecast November 11, 2015, Technical Analysis
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.
