The EUR/JPY pair initially fell during the day on Thursday, but found enough support below the 115 level to turn the market around and form a bit of a
The EUR/JPY pair initially fell during the day on Thursday, but found enough support below the 115 level to turn the market around and form a bit of a hammer. The hammer of course is a very bullish sign, so I think that we will probably continue to see the volatility that we have had for some time. The yellow box on the chart represents to me where this market is trading right now, so if you are a short-term trader, this could be a nice trading opportunity for you to go back and forth. However, you are going to have to do it on a very short-term chart at best.
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.
