EURJPY begins the decline – Analysis – 16-1-2017
Economies.com
2017-01-16 08:32AM UTC
The EURJPY price managed to confirm the suggested negativity by providing negative close below 121.60 level, to begin recording some negative targets by reaching 120.95, we expect forming new negative trading to be attracted to the initial target at 120.00, then attempts to reach the next target at 118.60.
Stochastic moves to the oversold level to increase the negative pressure on the trading, which provides the required momentum to resume the suggested negative attempts.
Expected trading range for today is between 121.60 and 120.00
Expected trend for today: Bearish
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