EURJPY 30.11.2021
Overview:
The pair is trading in a downtrend
Expected scenario:
Possibly the pair is currently in a good bottom zone to buy targeting 129 Yen provided trading continues above 127.50 Yen.
Alternative scenario:
On the other hand, we see that if the 127.50 level is broken down, it may push this pair down to 127 - 126.50
Resistance levels
129.00
129.50
130.00
Support levels
127.50
127.00
126.50
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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