EURJPY September, 09 2020

Technical Analysis
Wednesday, September 09, 2020 - 15:28
Point Trader Group
EURJPY September, 09 2020

Overview:

The above chart shows that the pair is trading above a strong support level around 124.40, which enhances the bullish chances during today's trading.

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 126

Alternative Scenario:

On the other hand, we think that if the 124.40 level is broken to the downside, this pair might push down to 124


 

Resistance126.00126.30126.60
Support124.40124.20124.00

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