Hi traders, as you see, EURJPY range between 127.06 and 125.70
In my opinion, the currency pair would break level 127.06 and move up toward 129.30 and perhaps higher levels.
Alternative scenario: The price could break 125.70 which start downtrend toward 125.13 and lower supports.
Resistances: 127.06, 129.30, 132.00
Supports: 125.70, 125.13, 124.45, 122.87
In my opinion, the currency pair would break level 127.06 and move up toward 129.30 and perhaps higher levels.
Alternative scenario: The price could break 125.70 which start downtrend toward 125.13 and lower supports.
Resistances: 127.06, 129.30, 132.00
Supports: 125.70, 125.13, 124.45, 122.87
Order cancelled:
we may face a trend change as we are witnessing a Bearish Divergence so we are canceling this position
