The EURJPY presses on the barrier – Analysis – 18-12-2020
Economies.com
2020-12-18 07:48AM UTC
The EURJPY pair rallied upwards to repeat the pressure on the sideways range’s support line at 126.70 in order to find a way to resume the bullish attack, assuring the importance of breaching this barrier to open the way to attempt to reach 127.10 and 127.62 levels in the near term and medium term period.
On the other hand, failing to achieve the required breach will force the price to repeat the sideways fluctuation with chances of crawling negatively towards the initial support 125.75.
The expected trading range for today is between 126.20 and 127.10
The expected trend for today: Bullish
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