The EURJPY tests the support – Analysis – 30-9-2021
Economies.com
2021-09-30 05:07AM UTC
The EURJPY price declined yesterday towards 129.75, to test the breached bearish channel’s resistance, which forms the main support against the bullish attempts now, assuring the importance of settling above this support to increase the chances of renewing the bullish attempts that might target 130.30 followed by reaching 23.6% Fibonacci correction level at 130.85.
On the other hand, crawling below the current support and providing new negative close will confirm surrendering to the bearish bias again, to force the price to suffer many losses by moving towards 129.40 and 129.05 levels.
The expected trading range for today is between 129.70 and 130.85
The expected trend for today: Bullish
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