The EUR/JPY pair fell during the course of the day on Monday, after initially gapping higher. Because of this, we believe that the market will continue to
The EUR/JPY pair fell during the course of the day on Monday, after initially gapping higher. Because of this, we believe that the market will continue to go higher now, but we need to break above the top of the range for the day. Even if we pullback from here, we see plenty of noise below that could offer support so therefore we are not overly bearish of this market anyway. We believe that the market will continue to head to the 138 level, and then eventually break out above there and head to the 140 handle.
EUR/JPY Forecast October 28, 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.
