The EURJPY regains the bearish bias – Analysis – 1-10-2021
The EURJPY price failed to hold above 129.75 level, affected by the frequent negative pressures caused by stochastic crawl below 50 level, to force it to form strong negative trades and record 128.70.
The stability within the bearish channel allows us to suggest more negative attempts, to target new negative levels that might start at 128.05 followed by 126.65.
The expected trading range for today is between 129.20 and 128.05
The expected trend for today: Bearish