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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
