The EUR/JPY pair initially fell during the week but found enough support near the 121 handle to turn things around to form a nice hammer. The hammer is a
The EUR/JPY pair initially fell during the week but found enough support near the 121 handle to turn things around to form a nice hammer. The hammer is a bullish sign, and if we can break above the 125 level, I feel that the market continues to go much higher. I do think that we have broken out to the upside for the longer-term moved to higher levels, but there is going to be volatility from time to time. I have no interest in selling until we get below the 120 handle.
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.
