The EURJPY fluctuates within the bearish track – Analysis – 8-10-2021

2021-10-08 06:38:49 GMT (Economies.com)
 

The EURJPY price reacted to stochastic positivity recently, forming new positive rally, to surpass 129.10 and hint postponing the negative attack, expecting to move towards the bearish channel’s resistance at 129.50 followed by monitoring the price behavior to manage to confirm the next trend.

 

The stability below the mentioned resistance will reinforce the continuation of the negativity that might target 128.05 initially, while surpassing the resistance and holding above it allows us to suggest forming strong bullish trades, to expect targeting 129.80 followed by 130.85 levels.

 

The expected trading range for today is between 129.50 and 128.80

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9685
-0.0293
2.9317%
1.0757
-0.0608
5.3524%
18.740
-0.519
2.692%
78.439
-4.051
4.911%
85.49
-0.78
0.90%
1646.880
-17.070
1.026%
 
 
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