The EURJPY achieves some targets – Analysis – 24-3-2023

The EURJPY pair activated the negative track again by declining below the MA55 yesterday, to record some negative targets by reaching 140.65, reminding you that the continuation of the negativity needs providing negative stability below the additional support 140.25, allowing us to wait to touch the additional negative targets, to target 139.60 as a first station, followed by reaching 138.20 in the medium term period.

On the other hand, failing to confirm breaking 140.25 will force it to surrender to the domination of the sideways bias for the near term period without recording any new negative target.

The expected trading range for today is between 141.00 and 139.60

The expected trend for today: Bearish