The EURJPY holds above the support – Analysis – 21-12-2121

The EURJPY pair succeeded to provide new positive close by settling above 127.33 extended support, forming new bullish wave to approach the first target at 128.60, while the price needs strong positive momentum to manage to resume the rise and increase the chances of breaching 129.80 barrier, to confirm the continuation of the positivity in the upcoming period.

Note that declining below the support line and holding below it will confirm moving to the bearish track, to expect moving towards 126.80 followed by 125.10 as a first main target for the bearish track.

The expected trading range for today is between 127.60 and 129.10

The expected trend for today: Bullish