The EURJPY begins recording the negative targets – Analysis – 27-1-2020
Economies.com
2020-01-27 07:56AM UTC
The EURJPY pair confirmed its affection by the bearish bias domination by moving away from 121.40 resistance, to notice recording some negative targets by touching 119.92 level.
Note that the moving average 55 forms new resistance by settling at 120.90 along with stochastic reach to the oversold areas increase the chances of gathering the additional negative momentum, allowing us to suggest targeting new negative levels that might start at 119.40 followed by 118.60 in the upcoming period.
The expected trading range for today is between 120.90 and 119.40
The expected trend for today: Bearish
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