EUR/JPY relevant levels
At the moment the cross is gaining 0.02% at 127.062 and faces the next up barrier at 127.30 (weekly high Feb.12) seconded by 127.49 (2021 high Jan.7) and then 130.18 (monthly high Nov.7 2018). On the other hand, a drop below 126.10 (monthly low Feb.4) would aim for 125.59 (low Jan.27) and finally 125.08 (2021 low Jan.18).
Am looking for price to break out of that trendline and restest that support level and push lower to retest the daily trendline
let me know what are your thoughts guys on this pair
At the moment the cross is gaining 0.02% at 127.062 and faces the next up barrier at 127.30 (weekly high Feb.12) seconded by 127.49 (2021 high Jan.7) and then 130.18 (monthly high Nov.7 2018). On the other hand, a drop below 126.10 (monthly low Feb.4) would aim for 125.59 (low Jan.27) and finally 125.08 (2021 low Jan.18).
Am looking for price to break out of that trendline and restest that support level and push lower to retest the daily trendline
let me know what are your thoughts guys on this pair