EURJPY: return to trend support after a pause at the resistance

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Euro/Japanska yen (FX:EURJPY)

FX:EURJPY Euro/Japanska yen

trendanalysis eurjpy short sellsignals forex

Since the beginning of April, the price has been at the local price zone 130.31. The first time the price touched it back in March, near the trend line, which has existed since 2019. Then it fell to the trend support 128.26 (May 2020), bounced back and rose again to the resistance. The price has been at this resistance since April 4 and now we can expect it to fall again to support 129.49.

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