The EUR/JPY pair broke higher during the course of the day on Friday, breaking the top of the hammer from the Thursday session. With that, it appears that
The EUR/JPY pair broke higher during the course of the day on Friday, breaking the top of the hammer from the Thursday session. With that, it appears that the market is going to continue to try to break out to the upside, and the fact that the weekly candle is a hammer certainly doesn’t hurt the situation either. Ultimately, the 138 level will be targeted, and then possibly the 140 level. Going forward, we are willing to buy pullbacks that show signs of support as well, as we believe that the 135 level is massively.
EUR/JPY Forecast October 20, 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.
