The Euro rallied against the Japanese yen during the day on Monday, but continues to struggle at the 118 handle. At this point, it’s always impossible to
The Euro rallied against the Japanese yen during the day on Monday, but continues to struggle at the 118 handle. At this point, it’s always impossible to imagine selling this market so I look at any pullback as potential value. Because of this, I am waiting to see whether or not we get opportunities closer to the 116 level below which I now see as the “floor” in the uptrend that we have formed over the last couple of weeks. Although I don’t like the Euro in general, the Japanese yen is without a doubt the week is currency in the market right now that I follow.
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.
