The EUR/JPY pair rallied during the course of the we, testing the 120 level for resistance. This is an area that is resistive, but I think given enough
The EUR/JPY pair rallied during the course of the we, testing the 120 level for resistance. This is an area that is resistive, but I think given enough time we will break above there. A pullback that show signs of support would be a buying opportunity, and could change the trend completely. The Japanese yen continues to be sold off around the world, and it is having a bit of a “knock on effect” in this particular pair as well. I think that pullbacks necessary, but eventually we go much iron.
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.
