The EUR/JPY pair rose during the session on Wednesday, clearing the 132 handle by the time the markets closed for the session. That being the case, we
The EUR/JPY pair rose during the session on Wednesday, clearing the 132 handle by the time the markets closed for the session. That being the case, we feel this market is most certainly bullish still, and that the “floor” in this market is at the 130 handle. With that being the case, we are more than willing to buy pullbacks as they occur. We think longer-term this market is still going to be positive, and as a result we will not sell it anytime soon. In fact, we have absolutely no scenario where we sell this market.
EUR/JPY Forecast July 25, 2013, Technical Analysis
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.
