The EUR/JPY pair gapped lower at the open on Monday, and then charged all the way down to the 130.50 level. However, we found enough support there to turn
The EUR/JPY pair gapped lower at the open on Monday, and then charged all the way down to the 130.50 level. However, we found enough support there to turn the market back around and fill that gap. At this point though, looks at we are giving back some of the gains, so we may continue to drift a little bit lower. With this, we are negative, and look at resistive candles as selling opportunities going forward. The 130 level should be supportive though, so having said that it’s likely that these will continue to be short-term selling opportunities more than anything else.
EUR/JPY Forecast November 17, 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.
