EURJPY Price Opposition of Bullish Trend at $130

EURJPY Price: Opposition of Bullish Trend at $130

FX Signals – EURJPY Price Analysis – October 01 FX Signals
In case the bears’ pressure increase, the price may break down the $128 level and decrease to $127 which may extend to $126. When the support level of $128 holds, price may reverse and face the resistance levels at $129, $130 and $131. However, the relative strength index period 14 is at 40 levels pointing down which indicate sell signal.

EURJPY Market
Key Levels:
Resistance levels: $129, $130, $131

Support levels: $128, $127, $126

EURJPY Long-term Trend: Bearish
EURJPY is bearish on the long-term outlook. The currency pair was bullish at the beginning of the market last week. The bullish scenario commences when the support level of $128 rejects the bearish trend. The price rebounded and increase to test the resistance level of $130 under the control of the buyers. The price started decreasing as the sellers’ pressure increases. The bearish momentum pushes the pair to the support level of $129 and currently extending to $128 price level.

EURJPY Long-term Trend: Bearish

EURJPY is bearish on the long-term outlook. The currency pair was bullish at the beginning of the market last week. The bullish scenario commences when the support level of $128 rejects the bearish trend. The price rebounded and increase to test the resistance level of $130 under the control of the buyers. The price started decreasing as the sellers’ pressure increases. The bearish momentum pushes the pair to the support level of $129 and currently extending to $128 price level.

EURJPY Price May Fall

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