The EURJPY approaches the initial support – Analysis – 21-1-2021
Economies.com
2021-01-21 06:27AM UTC
The EURJPY pair responded to the negative pressures yesterday to notice forming strong negative wave and record 125.26, to approach the initial support 125.05, assuring the importance of breaking the current support to manage to resume the bearish attack and reach 124.65 followed by 123.40 targets.
On the other hand, the stability of the current support might force the price to provide mixed trades with chances to retest 126.50 extended resistance followed by starting the waited bearish attack.
The expected trading range for today is between 125.05 and 126.00
The expected trend for today: Sideways
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