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The EURJPY crawls below the support – Analysis – 17-8-2021
The EURJPY pair confirmed its surrender to the domination of the bearish bias by crawling below 128.80 support line, to open the way to target many negative levels, expecting to move towards 128.15 followed by waiting to touch the next support at 126.65.
Stochastic reach to the oversold areas increases the negative pressures and provides the price with additional negative momentum until recording the suggested targets.
The expected trading range for today is between 129.10 and 128.15
The expected trend for today: Bearish
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