The EUR/JPY pair initially fell during the course of the day on Thursday, but found enough support at the all-important 135 level to turn things back
The EUR/JPY pair initially fell during the course of the day on Thursday, but found enough support at the all-important 135 level to turn things back around and form a nice-looking and possibly positive candle. With that, it appears the market is then adding to the 138 level, which it would more than likely find resistance at. Ultimately though, we do believe that this market goes higher and does break above the 138 level, where buyers will continue to push this market to the 140 level. We have no interest in selling this market at all right now.
EUR/JPY Forecast October 24, 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.
