If you read our analysis yesterday, you knew that we anticipated this market was going to go higher and aim for the 138 handle. It has done that, we
If you read our analysis yesterday, you knew that we anticipated this market was going to go higher and aim for the 138 handle. It has done that, we believe ultimately we will break out above that area and perhaps head to the 140 level. Because of this, we are simply waiting on this market to break above the 138 handle for more than a couple of hours, and then would begin buying. It’s not that we have a lot of confidence in the Euro, it’s more or less the fact that the Japanese yen continues to be one of the weakest currencies out there.
EUR/JPY Forecast October 29, 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.
