The EURJPY keeps the positive stability – Analysis – 26-3-2021

Despite the EURJPY pair’s recent weak trades, its frequent stability above the bullish channel’s support line at 128.30 confirms surrendering to the expected bullish bias, while the price needs new positive momentum to ease the mission of reaching the positive stations around 129.20 and 130.10 levels.

We remind you that attempting to decline below the current support and holding below it will confirm 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