The EURJPY is affected by the major indicators’ negativity – Analysis – 27-10-2020

The EURJPY pair did not succeed to touch any new positive target yesterday, affected by the negativity of the major indicators, which led to rebound negatively towards 123.85, while the frequent stability above the major support 123.40 allows us to keep our bullish overview that might target 124.35 followed by 125.05 levels.

Continuing to face the negative pressures and crawling below the mentioned support will confirm moving into the bearish track, to force the price to suffer more losses that might start at 123.05 and 122.40.

The expected trading range for today is between 123.40 and 124.35

The expected trend for today: Bullish