The EURJPY begins to decline – Analysis – 10-11-2023
Economies.com
2023-11-10 07:14AM UTC
The EURJPY pair surrendered to the stability of the major resistance 161.90 to notice activating the correctional bearish track by touching 161.35, assuring the importance of gathering the additional negative momentum to ease the mission of breaking 161.30 and open the way to reach the additional negative stations that start at 160.90 followed by reaching the first main target at 160.15.
On the other hand, failing to achieve the required break will confirm surrendering to the domination of the sideways bias, to confine trades within tight track represented by the current support and 161.70.
The expected trading range for today is between 161.60 and 160.90
The expected trend for today: Bearish
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