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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
| Resistance | 127.00 | 127.50 | 128.20 |
| Support | 125.00 | 124.50 | 124.00 |
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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