EURJPY September, 23 2020

Technical Analysis
Thursday, September 24, 2020 - 00:53
Point Trader Group
EURJPY September, 23 2020

Overview:

The above chart shows that the pair is trading above a strong support level around 122.50, which enhances the bullish chances during today's trading

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 123.30

Alternative Scenario:

On the other hand, we think that if the 122.50 level is broken to the downside, this pair might push down to 122

 

Resistance123.30123.60123.90
Support122.50122.20122.00

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