The EUR/JPY pair went back and forth during the course of the day on Thursday, testing the 138 level. If we can get above the 138 level on a daily break,
The EUR/JPY pair went back and forth during the course of the day on Thursday, testing the 138 level. If we can get above the 138 level on a daily break, we would be more than willing to start buying as the market should head to the 140 handle. A pullback from here should find buyers below though, and as a result the supportive candles and would undoubtedly form underneath would be buying opportunities as far as we can see. We have no interest in selling this market, as the Japanese yen continues to be sold off in general.
EUR/JPY Forecast October 31, 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.
