The EUR/JPY pair initially fell during the day on Monday but turned around to show signs of strength. As we are close to the bottom of the consolidation
The EUR/JPY pair initially fell during the day on Monday but turned around to show signs of strength. As we are close to the bottom of the consolidation area that the market has been bouncing around, this is not a huge surprise. With this, a break above the top the candle could cause a bit of a grind to the upside, but at this point in time I find this as a difficult market to deal with unless you are willing to deal with quite a bit of volatility. With this, I’m not bothered.
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.
