The EURJPY repeats the pressure on the support – Analysis – 20-9-2021

The EURJPY price kept its stability near 128.80 support line, to increase the chances of finding a way to resume the previously expected negative attack, noting that stochastic attempt to exit the oversold areas might push the price to form some sideways fluctuation until gathering the additional negative momentum, to increase the chances of achieving the required break to reach the additional targets at 128.30 and 127.95.

We remind you that breaching 129.90 will stop the suggested negative scenario and lead the price to turn to rise, to target some positive levels at 130.50 and 131.10.

The expected trading range for today is between 129.70 and 128.30

The expected trend for today: Bearish