By FXEmpire.com
The EUR/JPY pair rose during the session on Tuesday as the 100 level continues to be the center of focus in this pair. The 38.2% Fibonacci level is just above, and it looks as if the area is going to be consolidative going forward, but there is a possible market mover in the form of the Federal Reserve announcement late in the US session. The Fed can ease more, and if they do – this pair should rise as the Euro will gain overall. The 99 to 101 levels are the bottom and tops of the range and a break out of the area will have us going with whatever direction gains the upper hand.
Click here to read EUR/JPY Technical Analysis.
Originally posted here
