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.
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.
