The EUR/JPY pair fell during the course of the day on Tuesday, slamming into the 137 handle. The market did bounce a little bit, and as a result it
The EUR/JPY pair fell during the course of the day on Tuesday, slamming into the 137 handle. The market did bounce a little bit, and as a result it appears that we will continue to see buyers below. With that, we feel that the market should continue to be a bit choppy and perhaps sideways in this general vicinity, but ultimately it’s not until we get above the 138 level on a daily close that we are comfortable in buying this pair. As far selling is concerned, we have absolutely no interest whatsoever, as we see so much support just below.
EUR/JPY Forecast October 8, 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.
