The EURJPY still bearish – Analysis – 5-10-2021
Despite the EURJPY price’s positive rebound and touching 129.37 level, the main stability below the bearish channel’s resistance towards 129.60 confirms the continuation of the negativity for the upcoming period.
Also, stochastic crawl towards the oversold areas will increase the negative pressures, to force the price to form new negative trades and expect moving towards 128.05, to press on the additional support that appears on the chart.
The expected trading range for today is between 129.55 and 128.05
The expected trend for today: Bearish