The EUR/JPY pair initially fell during the course of the day on Thursday but turned back around to form a hammer yet again. This is an area that continues
The EUR/JPY pair initially fell during the course of the day on Thursday but turned back around to form a hammer yet again. This is an area that continues offer quite a bit of support, as we continue to consolidate between the 131.50 level on the bottom, and the 133 level on the top. That being said, even though we recognize that the market is going to go higher from here more than likely, we have no interest whatsoever in buying as we believe the selling opportunity that comes afterwards is much stronger.
EUR/JPY Forecast November 13, 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.
