The EURJPY attempts to hold above the support – Analysis – 17-11-2020

The EURJPY pair still affected by the contradiction of the major indicators to notice its sideways fluctuation near 123.65 support line, reminding you that the stability of this support confirms the continuation of the positivity for the upcoming trading, waiting to gather the positive momentum followed by starting to record the targets by rallying towards 124.40 and 125.40 levels.

On the other hand, facing new negative pressures and crawling below the current support will bring the price back to the bearish track, to increase the chances of suffering big losses that might extend to 122.90 and 122.20.

The expected trading range for today is between 123.65 and 124.90

The expected trend for today: Bullish