The EUR/JPY pair broke higher during the course of the session on Thursday, and rallied quite stringently. I believe at this point in time though, there
The EUR/JPY pair broke higher during the course of the session on Thursday, and rallied quite stringently. I believe at this point in time though, there is going to be resistance above that will affect this market. The 115 level above will be an area where a lot of traders will be interested in, so between here and there, but we get an exhaustive candle I am more than willing to sell at that point in time. I do recognize however that there is going to be a certain amount of bullish pressure going forward, so short-term traders may be able to go either direction.
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.
