EURJPY September, 02 2020

Technical Analysis
Wednesday, September 02, 2020 - 14:32
Point Trader Group
EURJPY September, 02 2020

Overview:

The chart above shows that the pair is trading below a strong resistance level around 127, which enhances the downside chances during today's trading

Expected:

Continuing to trade below the aforementioned resistance level, may push the pair down to 125

Alternative Scenario:

On the other hand, we think that if the 127 level is broken to the upside, this pair might push up to 128.20


 

Resistance127.00127.50128.20
Support125.00124.50124.00

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