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The EURJPY still bearish – Analysis – 21-10-2021

2021-10-21 04:41:20 GMT (Economies.com)
The EURJPY still bearish – Analysis – 21-10-2021
 

The EURJPY price ended the bullish rally due to its stability below 133.60 resistance, to form correctional bearish rebound and settle near 132.90.

 

Stochastic attempt to exit the overbought areas will increase the chances of gathering the negative momentum, to force it to suffer additional losses that might extend towards the initial support at 132.05.

 

The expected trading range for today is between 129.55 and 128.05

 

The expected trend for today: Bearish

 
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