The EURJPY fails to break the support– Analysis – 7-12-2021
Economies.com
2021-12-07 05:47AM UTC
The EURJPY pair failed to reach below 127.50 support, to notice that it begins to form a bullish correctional rebound, achieving 128.33 level.
Note that the continuation of the support’s stability and stochastic attempt to provide positive momentum by exiting the oversold level, will increase the chances for renewing the positive attempts, which might target positive stations that begin at 129.05 and 129.80.
The expected trading range for today is between 127.60 and 129.05
The expected trend for today: bullish
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