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EURJPY: To stabilize close the support line 127.310

Euro / Japanese Yen (OANDA:EURJPY)  
certifiedprotrader  
OANDA:EURJPY   Euro / Japanese Yen
Trend Analysis Fundamental Analysis
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trendanalysis fundamental
EUR/JPY has reached the 55-week moving average at 128.21. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to stabilize above the 2020- 2021 support line at 127.31.

Negative bias while below 130.25/55
“EUR/JPY has reached the 55-week ma at 128.21 and is seeing a small bounce higher, directly below here lies the 127.94 August low. We would allow for some profit-taking between here and the 2020-2021 support line at 127.31.
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