The EURJPY holds above the support – Analysis – 25-3-2021

2021-03-25 06:19:12 GMT (Economies.com)
 

The EURJPY pair ended its correctional bearish attack by providing positive close above the bullish channel’s support line at 128.30 today, expecting to start forming bullish waves to renew the attempts to achieve the targets near 129.20 and 130.10.

 

On the other hand, facing new negative pressures by crawling below the current support confirms moving to the bearish track, to expect suffering big losses that might start at 127.40 followed by reaching 38.2% Fibonacci correction level at 126.70.

 

The expected trading range for today is between 128.30 and 129.20

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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