The EURJPY attempts to decrease the losses – Analysis – 23-3-2021

2021-03-23 06:09:57 GMT (Economies.com)
 

The EURJPY pair attempted to decrease the intraday losses by forming bullish wave and reach 129.95, while that won’t confirm getting rid of the negative pressures, as stochastic continues to fluctuate below 50 level, in addition to forming additional barrier at 130.05 against the current trades.

 

Therefore, we will keep our correctional bearish overview that might target 129.10 level soon, while facing continuous negative pressures might extend trades towards 28.25 to test the bullish channel’s support line that appears on the chart.

 

The expected trading range for today is between 130.00 and 128.25

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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