EURJPY provides mixed trading – Analysis – 13-1-2017
Economies.com
2017-01-13 08:59AM UTC
The EURJPY price didn’t continue providing negative trading to bounce to 122.10 level, affected by the contradiction between the main indicators, but the stability of the price below the main resistance at 124.30 makes us keep preferring the domination of the negativity in the near and medium period, to wait until reaching 120.00 as a first correctional target.
While providing positive close above 122.00 level will cancel the negative overview, which returns the price to the sideways trading to suggest the neutrality again.
Expected trading range for today is between 122.00 and 120.00
Expected trend for today: Bearish
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