The EUR/JPY pair fell significantly during the session here on Wednesday, but remains above the all-important 135 support level. Because of this, it
The EUR/JPY pair fell significantly during the session here on Wednesday, but remains above the all-important 135 support level. Because of this, it appears that the market will more than likely form supportive candle in this general vicinity that we can start buying. Until that happens though, we have to sit on the sidelines of we recognize that the market is certainly not giving is anything along the lines of a buying signal. With that, we are patient but on the sidelines and looking for the right signal to head back towards the 138 handle.
EUR/JPY Forecast October 23, 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.
