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
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.
