The EURJPY gets the negative momentum – Analysis – 22-10-2021

Economies.com
2021-10-22 08:01AM UTC

The EURJPY price started to get the negative momentum by stochastic exit from the overbought areas, to notice forming correctional bearish wave recently and reach 132.25, reminding you that the frequent stability below 133.60 barrier and the continuous negative momentum by the indicators support more negativity now, to expect crawling below 132.25 and reach 131.50 as a next target.

 

The expected trading range for today is between 133.20 and 131.80

 

The expected trend for today: Bearish

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