The EURJPY tests the resistance – Analysis – 10-9-2020

The EURJPY pair formed a bullish correctional rebound to test the resistance at 125.63, to close below it, reinforcing our bearish suggestion in the near and medium period trading, so the stability of the current resistance and begin gathering negative momentum will confirm targeting 124.70 level, to attempt to press on the extra support at 124.10.

while breaching the resistance will confirm regaining the bullish bias, to enter the bullish channel levels, and begin targeting several positive levels that begin at 126.30 reaching to the previously achieved top at 127.05.

The expected trading range for today is between 125.70 and 124.10

The expected trend for today: Bearish