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
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.
