The EUR/JPY pair went back and forth during the day on Thursday, trying to break out to the upside in reach towards the 133 handle. However, we pulled
The EUR/JPY pair went back and forth during the day on Thursday, trying to break out to the upside in reach towards the 133 handle. However, we pulled back to form a bit of a shooting star. Ultimately, if we can break down below the recent lows, the market should then reach towards the 130 handle given enough time. At this point in time, it does look a bit soft, so ultimately it’s hard to buy this market due to the fact that the downtrend has been so strong recently as you can see.
EUR/JPY Forecast November 6, 2015, Technical Analysis
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.
