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EUR/JPY Bounces But Still Carries Significant Downside Risk

Discussion in 'Technical Analysis' started by Kaitlin, Jan 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/JPY bounced modestly on Thursday afternoon as global equity markets took a breather and rebounded off their recent lows. This alleviated some pressure from EUR/JPY as the safe haven yen eased off its latest highs. Despite Thursday's rise for EUR/JPY, the currency pair continues to trade within a tight consolidation[​IMG]

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