The EUR/JPY pair initially fell on Wednesday but found enough support just below to turn things around as the 118 level now looks to be somewhat
The EUR/JPY pair initially fell on Wednesday but found enough support just below to turn things around as the 118 level now looks to be somewhat supportive. This is a market that of course is a little bit extended so I would anticipate that we should get some type of pull back soon. With this, I think that you have to look at it as value, and take advantage of it as such. I have no interest in selling this market, as I believe it is significantly supported all the way down to at least the 116 handle.
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.
