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
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.
