The EURJPY approaches the target – Analysis – 19-10-2021

The EURJPY price formed new bullish wave this morning to approach the additional target at 133.10 followed by bouncing negatively towards 133.75 due to the lack of the positive momentum, while the price forms some sideways fluctuation until gathering the positive momentum, to manage to breach 133.10 level and reach the next target at 133.58.

The risks of postponing the bullish the bullish attack and forming new negative rebound will appear in case the price crawled below 132.05 support line, to expect suffering losses by moving towards 31.60 and 131.20 levels.

The expected trading range for today is between 132.00 and 133.10

The expected trend for today: Bullish