EURJPY 30.11.2021

Technical Analysis
Tuesday, November 30, 2021 - 04:41
Point Trader Group

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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