The EURJPY exits the bearish track – Analysis – 11-10-2021

2021-10-11 04:55:43 GMT (Economies.com)
 

The EURJPY price succeeded to get rid of the domination of the bearish bias by forming strong bullish rally recently, to breach the bearish channel’s resistance near 129.50 and notice recording big targets by reaching 130.42.

 

We expect the moving average 55 to form the additional support near 129.80, and get more positive momentum signals by stochastic, allowing us to suggest targeting 23.6% Fibonacci correction level at 130.90.

 

The expected trading range for today is between 129.60 and 130.90

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9656
-0.0321
3.2153%
1.0703
-0.0663
5.8315%
18.650
-0.609
3.162%
78.279
-4.211
5.105%
85.59
-0.59
0.68%
1643.050
-20.900
1.256%
 
 
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