Forex

The EURJPY awaits breaking the support – Analysis – 21-9-2020

2020-09-21 05:37:13 GMT (Economies.com)

The EURJPY pair still stable above 123.30 to form additional support against the recent negative trades, to notice surrendering to the sideways bias domination temporarily by fluctuating below 124.40.

 

We recommend waiting to gather the additional negative momentum and crawling below the current support to confirm moving into new negative track, to increase the chances of recording additional targets that might extend towards 122.70 followed by 122.25 levels in the near term and medium term period.

 

The expected trading range for today is between 124.40 and 122.75

 

The expected trend for today: Bearish

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