The EURJPY seeks an exit – Analysis – 9-3-2021

The EURJPY pair still confined within tight track due to the stability of 129.65 barrier, to continue blocking the attempt to resume the expected bullish attack, while stochastic attempt to provide the additional positive momentum allows us to wait to breach the current barrier to manage to continue the rise and reach the additional positive stations at 130.20 and 131.00 levels.

Note that the price attempt to decline below the additional support at 128.30 will force it to suffer many losses by declining towards 27.60, to test the main bullish channel’s support line that appears on the chart.

The expected trading range for today is between 128.50 and 130.20

The expected trend for today: Bullish