The EURJPY moves within tight track – Analysis – 26-4-2021
Economies.com
2021-04-26 05:37AM UTC
The EURJPY pair failed to break the bullish channel’s support line at 129.80, to notice its fluctuation within tight track between the current support and 130.70 resistance, thus, we will remain neutral and wait the trend signal by surpassing one of these levels.
Breaching the current barrier allows us to expect resuming the bullish attack, to target 131.30 and 131.90 levels, while crawling below the bullish channel’s support will confirm moving to the bearish track and start suffering losses by reaching 129.10 and 128.50.
The expected trading range for today is between 130.70 and 129.80
The expected trend for today: Neutral
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