The EURJPY fails to confirm the breach – Analysis – 21-4-2021

The EURJPY pair attempted to renew the pressure on 130.75 barrier, while these attempts failed clearly, to notice its negative rebound and approaching the bullish channel’s support line at 129.60.

We recommend staying neutral today and monitoring the price until surpassing one of the mentioned levels to manage to detect the main targets for the upcoming trading, as succeeding to achieve the breach will allow the price to achieve new positive targets that might start at 131.60, while declining below the major support will confirm moving to the bearish track and start targeting main negative levels that start at 128.50.

The expected trading range for today is between 130.75 and 129.60

The expected trend for today: Neutral