The EURJPY attempts to test the resistance – Analysis – 20-1-2021
Economies.com
2021-01-20 06:11AM UTC
The EURJPY pair continued to form correctional bullish waves to approach 126.45 resistance, noting that the stability of this resistance forms the major factor to confirm the domination of the bearish bias for the upcoming period, waiting to gather the negative momentum and start recording the negative targets around 125.20 and 124.65 levels.
Stochastic exit from the oversold areas might force the price to form some temporary sideways fluctuation until providing the required negative momentum to resume the expected bearish bias.
The expected trading range for today is between 126.45 and 125.10
The expected trend for today: Bearish
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