The EURJPY approaches the main support – Analysis – 24-3-2021

2021-03-24 06:21:16 GMT (Economies.com)
 

The EURJPY pair gathered new negative momentum yesterday after stochastic reached the oversold areas, to notice forming strong negative wave and approach the main bullish channel’s support at 128.25.

 

The next scenario depends on the strength of the mentioned support, as its stability will confirm blocking trades within the bullish track, to expect the beginning of forming bullish waves and target 129.20 initially, while breaking the support and holding below it will hint moving to new negative track and expect to suffer big losses that might start at 127.40.

 

The expected trading range for today is between 128.70 and 128.25

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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