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.
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.
