Forex

The EURJPY faces key barrier – Analysis – 21-10-2020

2020-10-21 05:33:45 GMT (Economies.com)

The EURJPY pair faced key barrier recently at 125.00, to block the bullish attempts and force the price to form temporary sideways fluctuation as appears on the chart.

 

Note that the stability of this barrier will allow us to suggest temporary negative fluctuation to suffer some losses by declining towards 124.30 followed by 123.45 levels, while succeeding to achieve the breach will allow the price to keep recording the positive targets that start at 125.45 followed by 125.95 levels.

 

The expected trading range for today is between 125.05 and 124.30

 

The expected trend for today: Bearish

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