The EURJPY attempts to hold above the support – Analysis – 25-10-2021

The EURJPY price still affected by the contradiction between the major indicators, to continue forming weak sideways trades in attempt to hold above the additional support at 131.80, while we assure the importance of gathering the positive momentum to assist to activate the bullish track that might target 132.90 followed by 133.55 levels.

On the other hand, surrendering to the negative pressures and settling below the mentioned support will confirm the domination of the bearish bias to expect suffering losses by moving towards 131.45 and 130.85 levels.

The expected trading range for today is between 131.80 and 132.90

The expected trend for today: Bullish