EURJPY settles within intraday sideways range – Analysis – 22-11-2018
Economies.com
2018-11-22 07:30AM UTC
The EURJPY pair was forced to provide new sideways trading due to the contradiction of the major indicators, to settle around 128.90, while the stability below 129.25 level will increase the chances to renew the negative attack that targets 128.00 followed by reaching 127.10 in the medium term period.
On the other hand, breaching the current barrier will postpone the negative attack until forming correctional bullish rally to attempt to test the key resistance at 129.80, followed by starting to renew the waited negative attempts.
Expected trading range for today is between 129.30 and 128.00
Expected trend for today: Bearish
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