EURJPY confirms the continuation of the negativity – Analysis – 23-2-2018
Economies.com
2018-02-23 10:09AM UTC
The EURJPY pair succeeded to confirm the negativity in the upcoming period by providing negative close below 38.2%Fibonacci correction level, which forms extra support at 131.80, which makes us wait for recording extra negative targets that might begin at 131.15 reaching to 130.00.
The stability of the moving average 55 above the price’s main trading besides stochastic reach to the oversold level reinforces the negative suggestion by providing extra negative momentum, which provides good chance for recording the suggested targets.
Expected trading range for today is between 132.00 and 131.15
Expected trend for today: Bearish
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