The EURJPY holds above the support – Analysis – 2-2-2021
Economies.com
2021-02-02 06:25AM UTC
The EURJPY pair declined below the initial support 126.55 yesterday, while its quick positive rebound and recording 126.80 hints surrendering to the sideways bias domination due to its frequent move between the current support and 127.50 resistance.
Therefore, we will suggest the bullish bias temporarily, noting that it is important to setle above the initial support, waiting to target 127.50 followed by monitoring the price behavior to manage to detect the next main trend.
The expected trading range for today is between 126.50 and 127.50
The expected trend for today: Bullish
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