EURJPY repeats the negative attempts – Analysis – 17-1-2017
Economies.com
2017-01-17 08:35AM UTC
The EURJPY pair provided more negative closes below 121.60 to confirm the affection of the bearish bias domination, to notice forming negative crawling and settling around 120.80, while we will keep waiting to touch the first target at 120.00 and remind you that breaking this level will confirm moving towards 118.60 support.
Despite the contradiction of the major indicators, but stochastic stability within the oversold areas has the biggest effect on the price by providing clear negative momentum that confirms the negative domination.
Expected trading range for today is between 121.60 and 120.00
Expected trend for today: Bearish
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