The EURJPY declines below the support – Analysis – 5-11-2021

The EURJPY price didn’t hold against the negative pressures caused by stochastic crawl below 20 level, to notice its decline below the initial support at 131.50, while retesting the broken support and settling below it supports the negative overview, to expected targeting 130.85 followed by monitoring its behavior to manage to detect the next main targets.

Note that breaching 131.50 level again will push the price back to the bullish track, to repeat the attempts to reach the positive stations at 132.05 followed by 132.55.

The expected trading range for today is between 132.50 and 130.85

The expected trend for today: Bearish