The EURJPY begins to decline – Analysis – 30-1-2023

Economies.com
4 months ago

The EURJPY pair surrendered to the frequent negative pressures to form new bearish waves and reach 140.55, approaching the first waited target.

 

Note that the moving average 55 crawl towards 141.80 and forming additional barrier will increase the speed of the bearish track, to expect crawling towards 139.80 soon, followed by repeating the pressure on the additional support 138.20.

 

The expected trading range for today is between 141.35 and 139.80

 

The expected trend for today: Bearish

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