The EUR/JPY pair fell hard during the course of the day on Wednesday, slicing through the 138 handle, and breaking below the bottom of the handle from the
The EUR/JPY pair fell hard during the course of the day on Wednesday, slicing through the 138 handle, and breaking below the bottom of the handle from the session before. That being the case, the market looks as if it will continue to go bit lower from here, but we see a significant amount of noise below to keep us a bit hesitant as far as selling is concerned. That being the case, we are looking for supportive candle in order to start buying again, as the path lower is going to be very difficult.
EUR/JPY Forecast October 2, 2014, 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.
