The EURJPY returns to neutrality – Analysis – 21-12-2020

Economies.com
2020-12-21 06:16AM UTC

The EURJPY pair failed to hold above 126.70 barrier to repeat the sideways fluctuation due to its confine within the tight range represented by the mentioned barrier and 125.75 support.

 

Therefore, we will stay neutral until the price succeeds to surpass one of these levels to manage to detect the main targets for the upcoming period.

 

The expected trading range for today is between 126.70 and 125.75

 

The expected trend for today: Neutral

Forex and Currency News

GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
EUR/JPY news

Forex

Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...

Forex Technical Analysis

Technical Analysis

Forex

The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
EUR JPY Analysis

Forex

The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...
GBP JPY Analysis

Forex

The GBPJPY records big gains – Forecast today – 26-4-2024
2024-04-26 06:46AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair succeeded to keep the bullish ...