The EUR/JPY pair fell during the course of the day on Friday, testing the 137 level. That being the case, the market could very well find some type of
The EUR/JPY pair fell during the course of the day on Friday, testing the 137 level. That being the case, the market could very well find some type of support in this area, and a move back above the 138 level would have us buying this pair again. We don’t really have any interest in selling, because we see so much in the way of support all the way to at least the 136 level, if not the 135 level. That being the case, we anticipate that a break out should send this market to the 140 handle.
EUR/JPY Forecast October 6, 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.
