The EUR/JPY pair fell drastically during the course of the session on Friday, but turned back around to form a hammer. If we break above the top of the
The EUR/JPY pair fell drastically during the course of the session on Friday, but turned back around to form a hammer. If we break above the top of the hammer, this market should continue to go much higher. However, there’s a lot of noise just above so even if we go higher, it is going to be a bit of a fight. The 135 level above will bring in sellers as well. We have no interest in buying simply because of the volatility that is almost certainly going to appear on any move higher.
EUR/JPY Forecast November 9, 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.
