The EURJPY declines below the additional support – Analysis – 21-11-2023
Economies.com
2023-11-21 05:18AM UTC
The EURJPY pair confirmed surrendering to the domination of the correctional bearish bias by providing negative close below the additional support 162.10 yesterday, noticing suffering clear losses by reaching 161.45.
The contradiction between the MA55 that consolidates below the price against stochastic attempt to provide the additional negative momentum allows us to expect instability and forming mixed sideways trades, while declining below 161.25 will force it to suffer additional losses until testing the main bullish channel’s support line at 160.65.
The expected trading range for today is between 161.85 and 161.25
The expected trend for today: Bearish
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