The EURJPY approaches the resistance – Analysis – 27-9-2021
Economies.com
2021-09-27 05:01AM UTC
The EURJPY price ended its correctional bullish rally by approaching the bearish channel’s resistance at 130.00, affected by the moving average 55 negativity, to force it to form intraday negative rebound and settle near 129.60.
Note that the stability of the main resistance will reinforce the domination of the bearish bias again, to expect the beginning of forming negative trades to target 129.05 initially.
The expected trading range for today is between 130.00 and 129.05
The expected trend for today: Bearish
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