EURJPY Bears na-aga ngwa ngwa ka mmetụta ahịa na-atụ

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EURJPY Nyocha Ahịa - Jenụwarị 3

EURJPY is currently trading on the level at 120.56, its lowest level since December 11, and is at risk of falling to the key top of the trend line near the 119.99 level. The breakdown shows that the rally from the September low of 115.83 level ended, and sellers regained control.

Nzọụkwụ Isi
Usoro Nguzogide: 124.31, 123.37, 122.65
Ọkwa Nkwado: 119.99, 117.08, 115.83

EURJPY termdị ogologo oge: anggba

Since yesterday’s trading session, the single European currency depreciated by 1.12% against the Japanese yen. The breakthrough occurred across the lower border of the horizontal support pattern on the level at 121.47 on Thursday.

Given that a breakthrough has occurred, the EURJPY exchange rate is likely to continue to decline during this session. The pair can aim to the support on the trend line at 119.99 level.

EURJPY termdị obere oge: Bearish

As EURJPY plummets, it holds above support level 119.99. The price activity from the level of 122.65 is considered as a consolidation model, and the intraday bias stays bearish. On the other hand, a break of the level at 122.65 can continue to move from the level at 115.83 to the critical horizontal resistance (now at 124.31).

Nevertheless, a steady breakthrough of the support level of 119.99 may suggest that the progress from the level at 115.83 is complete. The intraday bias can be reversed down to retest the level with the support of 119.24 in the first place.

Ngwaọrụ: EURJPY
Iwu: Ree
Ọnụ nbanye: 121.47
Kwụsị: 122.65
Iche: 119.24

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