The EURJPY repeats testing the resistance – Analysis – 24-2-2021
Economies.com
2021-02-24 06:20AM UTC
The EURJPY pair touched 128.27 yesterday, to touch the resistance line that appears on the chart, which forms the major factor to confirm the expected negative scenario, as the continuous fluctuation below it allows us to wait to record the negative targets that might start at 127.45 followed by 126.75.
On the other hand, breaching the mentioned resistance and holding above it will postpone the negative attack and provides chances to provide new positive trades that might push the price towards 128.90 that represents the extension of historical resistance as appears on the chart.
The expected trading range for today is between 128.30 and 126.72
The expected trend for today: Bearish
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