The EURJPY continues to postpone the decline – Analysis – 25-1-2023

The EURJPY pair faced new positive pressures yesterday to push it to renew the correctional bullish attempts by consolidating near 142.20, attempting to hold above the moving average 55 as appears on the chart.

These factors confirm postponing the negative attack to attempt to touch 142.90 level followed by waiting to gather the negative momentum, to keep the main bearish track and target 140.25 support line initially, which formed strong obstacle against resume the negative attack recently.

The expected trading range for today is between 141.60 and 142.90

The expected trend for today: Bearish