The EUR/JPY pair went back and forth during the course of the session on Tuesday, as we hovered just above the 130 handle. The 130 handle below is
The EUR/JPY pair went back and forth during the course of the session on Tuesday, as we hovered just above the 130 handle. The 130 handle below is massively supportive, and as a result we feel that a bounce could be coming. However, any bounce at this point in time should be a selling opportunity on an exhaustive candle above. The 133 level is the top of a significant amount of noise, and as a result we are sellers at the first sign of trouble. A break down below the 130 level has us selling as well.
EUR/JPY Forecast November 25, 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.
