The EUR/JPY pair initially had a negative week, but found enough support above the 120 level to turn things around to form a positive candle. It looks as
The EUR/JPY pair initially had a negative week, but found enough support above the 120 level to turn things around to form a positive candle. It looks as if we are trying to go higher, and therefore I believe in the “buy-and-hold” approach. I think that the 120 level will continue to be massive support and essentially serve as a “floor” in this market. With this being the case, I have no interest in selling this market and believe that we are going to attempt to reach the 125 handle above.
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.
