The EUR/JPY pair fell during the course of the day on Thursday, testing the 136.50 support area. The market looks as if it’s ready to continue
The EUR/JPY pair fell during the course of the day on Thursday, testing the 136.50 support area. The market looks as if it’s ready to continue consolidating, and as a result we are buying supportive candles below, most specifically somewhere around the 136 handle, just as we would be buying on a break above the 138 handle, as it would show a move in the momentum to the upside. In between here and there, we think that this market will continue to be very choppy and sideways, thereby making it somewhat uninteresting.
EUR/JPY Forecast October 10, 2014, 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.
