The EUR/JPY pair initially tried to rally during the course of the day on Tuesday, but turned around to form a slightly negative candle. I see quite a bit
The EUR/JPY pair initially tried to rally during the course of the day on Tuesday, but turned around to form a slightly negative candle. I see quite a bit of support at the 114 level below though, so I think that breaking down from here might be a little bit of a struggle. If we can break above the top of the shooting star, that would be a very bullish sign and it would be much more comfortable buying that. With this, I will probably simply stand on the sidelines as there will be easier markets to trade.
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.
