The EURJPY fluctuates below the resistance – Analysis – 14-3-2022
Economies.com
2022-03-14 04:11AM UTC
The EURJPY pair recorded 129.03 level recently, to settle below the extended resistance 129.35, noting that the moving average 55 crawl towards the current resistance will increase its stability, to reinforce the chances of renewing the negative attempts, to expect targeting 127.60 level soon, followed by repeating the pressure on 126.85 obstacle.
On the other hand, breaching the current resistance confirms regaining the bullish bias due to its consolidation within the bullish channel, allowing us to start suggesting the positive trades that might target 130.90 level initially.
The expected trading range for today is between 129.35 and 127.60
The expected trend for today: Bearish
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