The EURJPY begins to decline – Analysis – 6-11-2020
Economies.com
2020-11-06 06:00AM UTC
The EURJPY pair tested the moving average 55 yesterday at 123.10, to form solid obstacle against the correctional bullish attempts, forcing the price to decline towards 122.30 and confirm the domination of the bearish bias for the upcoming period.
Also, stochastic attempt to provide the negative momentum will allow the price to renew the negative attack and target 121.80 followed by 121.10 levels.
The expected trading range for today is between 122.75 and 121.10
The expected trend for today: Bearish
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