The EURJPY provides new positive signal – Analysis – 28-9-2021

The EURJPY price provided positive signal by attempting to exit the bearish track, to notice its fluctuation above the bearish channel’s resistance at 129.95, affected by the positivity of the major indicators, to increase the chances of targeting new positive stations that might start at 130.35 followed by reaching 23.6% Fibonacci correction level at 130.85.

Therefore, we recommend to wait to confirm breaching the current resistance to avoid any losses that might appear due to the negative rebound, to confirm targeting the suggested positive levels.

The expected trading range for today is between 129.80 and 130.85

The expected trend for today: Bullish