The EURJPY repeats the fluctuation below the barrier – Analysis – 13-4-2021

The EURJPY pair announced its surrender to the sideways bias domination, in spite of its stability within the bullish channel’s levels, affected by the stability of the extra barrier at 130.75, to decelerate the waited bullish rally.

The continuation of the mentioned barrier stability makes us expect begin forming bearish correctional trading, to test the bullish channel’s support at 129.35, while its success to breach the barrier and holding above it, so that will allow it to achieve several positive targets by reaching 131.60 and 132.70.

The expected trading range for today is between 130.70 and 129.50

The expected trend for today: Sideways until achieving the breach.