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EURJPY: RESISTANCE PROVOKE AN EXTRA ACTION.

 

 

The pair EURJPY breaks of immediate trend resistance signal further advances to the 127.30 and the 127.65. In case the exchange rate crosses these range, the horizontal region around 128.40-50 could be the challenging zones for buyers.

The quotes have a brighter chance to take a halt around 129.1 & 129.75; Moreover, if the pair successfully traded beyond 130.0 enables it to aim for the target 131.20 and the 132.00 numbers to the north.

Negatively, the slanting support line may hold the door for the pair’s drop to 125.25 and to the 124.85.

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21 Aug 2018 11:18 am Posted by tamilforex

 
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